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30 Webb Street, Te Aro, Wellington City

FIVE APARTMENTS QUALITY INVESTMENT PRIME LOCATION

dollar

Tender

Apartment
Apartment
Bedroom
12
Bathroom
5
Floor area
464m2
Land area
232m2
Title type
Freehold
Covered park
2
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Tender

Wednesday
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09
Dec

Property details

Listing # 3302401 | Listed on 13 November

30 Webb Street presents a well established residential investment opportunity comprising a two-storey complex of five apartments, offering a mix of two and three-bedroom configurations.

The property has been modernised and upgraded to a high standard, with all five apartments fully tenanted and compliant with Healthy Homes requirements.

Returning a substantial $162,760 gross income per annum, the property provides a strong income stream and established cash flow from an existing residential investment.

Positioned in a convenient Te Aro location, the property benefits from its proximity to Wellington's CBD, Victoria University and Massey University, along with the surrounding amenities, cafes, retail and public transport.

An opportunity to secure a substantial residential investment with five separate tenancies, established income and a convenient central Wellington location.

  • Five-apartment investment – Two-storey residential complex comprising a mix of two and three-bedroom apartments
  • Strong rental return – Established annual income of $162,760, with all five apartments fully tenanted
  • Prime tenant location – Close to Wellington CBD, Victoria University and Massey University, providing access to a broad and consistent tenant pool
  • Significant capital improvements – Replaced roof, wall insulation, double glazing throughout, fire-rated windows in required apartments, and heat pumps installed
  • Apartments meet Healthy Homes standards
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