Set on one of Wellington's most vibrant commercial strips, this mixed-use freehold presents a compelling high-yield investment with diversified income streams and long-term security. With two titles, established tenancies, and a strong net return, this is the kind of opportunity seasoned investors look for in tightly held Newtown.



Upstairs, a spacious four-bedroom, 1 -bathroom and a second shower apartment, while below, a well-established café operates under a long lease creating a balanced blend of residential and commercial income on a single holding.



Key features include:

• Proven dual-income Investment, Commercial & Residential
  
• Returning $105,000 gross per annum
  
• Upstairs four-bedroom, one-bathroom and a second shower residential apartment
  
• Ground-floor café with a six-year commercial lease in place (They would like to extend)
  
• Approx. 290sqm^ of building area on 245sqm^ of land
  
• RV $1,240,000
  
• No off-street parking
  

Prime Riddiford Street, Newtown position, surrounded by hospitals, retail, hospitality, and constant foot traffic an area renowned for strong tenant demand and long-term growth.



This is a set-and-forget style asset ideal for investors seeking immediate cashflow, mixed-use resilience, and a blue-chip city-fringe location. Opportunities like this in Newtown are tightly held, so contact us now to arrange a private viewing.



Deadline Sale (Unless Sold Prior) Closes 12pm, Wednesday 15th April 2026 at 8 Kent Terrace, Wellington



^Source of information: Property Guru, Nexus, Wellington City Council (non-verified)