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Oriental Bay, 218 Oriental Parade

T16692

bed7
bath4

BLUE-CHIP BLOCK OF FOUR

By Negotiation

House Area: 330 m²
Land Area: 577 m²
Year Built: 1890's
RV: $1,675,000
Property Description:
A rare and unique, opportunity to acquire a blue-chip property in one of Wellington's prime locations. This 4 X flat Investment property (land and building) is elevated above iconic Oriental Parade and has much to offer including;

• Four well-appointed flats that include; 3 X 2 Bedroom, 1 X 1 Bedroom

• Fully tenanted on fixed leases at $116,480 per annum with a potential upside in rent

• Well maintained during their ownership, current Vendors have replaced the roof, repainted
the exterior, and more recently re-piled/re-engineered the foundations, insulated to new
standard in the ceiling and where possible under the floor, a number of appliances have been replaced

• All flats have security systems and their own individual secure storage lock-up with power

• Outdoor living is also superbly catered for with balconies and decks

• Dual access from Oriental Parade and the Hay Street Extension, with resource consented
plans for a car deck on Hay Street (informal car-parking arrangement for two cars currently
in place)

• Spectacular sun aspect, and expansive views of Oriental Bay, Wellington Harbour and the
city

• Oriental Bay is widely held as one of the most desirable real estate locations in New
Zealand

With a strong rental history and the added long-term potential for capital growth - this
property presents itself as a unique opportunity for astute investors, or a home and next level
income for an owner/occupier.

Call Zoe Smith 021 856 887 for viewing times.

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