Opportunities like this are hard to find in Oriental Bay. Positioned within the former Rafaelle Hotel and right across the road from the beach, this twin-key apartment combines premium location, flexible living, and impressive income potential in one smart package. Whether you are a first-home buyer looking to offset the mortgage, an investor chasing strong returns, or someone wanting space for family, guests, or short-stay use, this is a compelling blue-chip option.

• Twin-key apartment setup comprising a two-bedroom apartment plus a separate self-contained studio
  
• Premium beachside position in Oriental Bay, directly opposite the waterfront and moments from the city
  
• North-west facing aspect with excellent sun and wide views across the bay, park, sea, and city
  
• Fantastic home-and-income or investment proposition with recent rental figures of $795 per week for the two-bedroom apartment and $490 per week for the furnished studio
  
• Great option for buyers wanting to live in one and rent the other to help reduce mortgage costs
  
• Two-bedroom apartment includes open living, one bathroom, a modest front deck with park and sea/city outlook, plus a second rear deck off the second bedroom
  
• Separate studio offers generous open-plan kitchen, living, and sleeping space, along with its own bathroom and excellent outlook
  
• Very good condition throughout with tiled bathrooms and engineered stone kitchen benches
  
• Generous lawn in front of the building enhances the relaxed beachside setting
  
• Easy walk to the city for work, dining, entertainment, and everyday convenience in one of Wellington's most desirable suburbs
  
• Secure single carpark
  
• BC levies $16,734.65pa
  
• RV $890,000
  
• Rates $5,397.44pa
  

For sale by TENDER - Offers invited from $819,000

• Closes 1pm Thursday 30 April 2026
  
• At Lowe&Co Realty, 8 Kent Tce, Wellington
  
• The vendors will not consider offers prior to the tender deadline
  

This will appeal to first-home buyers, professionals, extended families, and investors looking for flexibility, lifestyle, and strong income in a tightly held waterfront location. Dual-income opportunities in Oriental Bay are rarely available, and this one offers sun, views, parking, and proven rental appeal, so make sure you view this Sunday. I reckon you will probably love it!



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