Property Description

• Residential 24-bedroom investment
• Fully leased for 12 months, providing immediate income
• Desirable residential location between The Terrace and Willis Street
• Annual net income of $225,000pa

A rare opportunity to acquire a distinctive residential investment property in the heart of Wellington’s CBD fringe.

Positioned on sought-after MacDonald Crescent, between The Terrace and Willis Street, this property enjoys exceptional access to State Highway 1, Wellington’s central business district, and major transport routes. Its central location makes it highly appealing to tenants seeking convenient city living.
The property offers a guaranteed income for the next 12 months, returning $225,000pa, providing immediate cashflow certainty for investors.
Currently, the owners operate the building by leasing the rooms individually.
Previously, the property functioned as a backpackers’ accommodation. The new owner may choose to continue the existing model or explore alternative uses to further enhance returns and add value or redevelop.