Chevron - landmark Wellington investment

Occupying a prominent corner position on Wakefield and Chaffers Streets, Chevron combines Wellington character with substantial income and future flexibility.

Strengthened to 80% NBS and converted to residential use in 2022, this distinctive Art Deco building comprises 49 residences across 25 unit titles, incorporating dual key configurations and a mix of studio, one- and two-bedroom layouts.

Quality finishes include tiled bathrooms, luxurious carpeting, plush drapes and well appointed fixtures and fittings. The character exterior and chandelier-lit entrance foyer create an elegant arrival, complemented by harbour views and proximity to the waterfront, Waitangi Park and Courtenay Place.

A new five-year net lease to a proven Wellington accommodation provider underpins the investment. Provisions allowing the owner to recover units for personal use or sale, subject to the lease terms, provide flexibility to pursue alternative ownership and disposal strategies.

To obtain a copy of all supplementary documents please register your interest at https://new.propertyfiles.co.nz/id/8ChaffersStreet

• Net income of $1,200,000pa + GST
• 25 separate unit titles offered as one holding
• 49 residences across studio, one- and two-bedroom layouts
• New five-year net lease to an established accommodation provider