102-108 Oriental Parade Oriental Bay View map
Listing # T16295 Listed 8 Apr 2017
About this property
Take one or take them all! This is a very rare opportunity to secure an ideally located strategic aggregation of three side by side properties on separate titles situated on Wellington's Golden Mile; Oriental Parade.
Options exist to either buy one, two or all three together. Each individual property represents a significant asset in its own right. With four residential tenancies and three commercial tenancies providing very reliable returns from historically long term tenants, there is a very secure holding income for an exceptionally desirable piece of Wellington real estate.
Whether you are looking to buy just one and get a foothold in this very closely held prime location or have a plan to realise the huge potential that the aggregation offers, then now is the time to act.
Opportunities such as this do not come around very often and this is certainly one of the very few remaining development prospects in Oriental Parade.
The commercial tenancies have been held by the current tenants for a considerable length of time and there is certainly the wish from them to retain their pre-eminent and established location. The residential tenancies are very nicely presented and are exceptionally desirable in terms of proximity to the city and recreational amenities and all have simply mesmerizing views.
Whether you have short term or long term investment goals, all the boxes are ticked here.
102 Oriental Parade - Ground floor Shine Hair Salon plus two three bedroom apartments above
104 Oriental Parade - Ground floor Vista Cafe plus three bedroom apartment above
108 Oriental Parade - Ground floor Unique Gifts plus three bedroom apartment above
To arrange viewings of the properties and inspect the information memorandum please contact Wayne or Ben.
For sale by tender closing 2pm Wednesday 26th April 2017 at Tommy's Real Estate Limited, 209 Victoria Street, Wellington.
Commercial for Sale Commercial Land
- 516 m2 Land
- 640 m2 Floor