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343 The Terrace, Te Aro

343 The Terrace, Te Aro, Wellington 6011, New Zealand


Updated on May 17, 2019 at 1:30 pm

  • Price: Tender
  • Property Size: 180 m2
  • Bedrooms: 3+1
  • Bathrooms: 1+1
  • Year Built: 1880-1889
  • Property Type: Home and Income, House, Investment


Located in the heart of inner-city Wellington, just a quick stroll to the university, CBD and vibrant Cuba St, this character, two flat property is a must see. In its current configuration, the property has enjoyed a strong rental history with ongoing tenancies across both flats for over twenty-five years. The incredible opportunity available to the market is to develop the ground floor into a large inner-city home or significantly increase the yield by modernising the property and creating more accommodation.

The property is being sold with one fixed term tenancy until 2020 in place for the upstairs flat. This will provide investors’ or home and income buyers peace of mind for ongoing rental income whilst planning or improvements take place. Currently on offer at this potential packed property:

Top flat

  • Open plan kitchen and living with plenty of space for dining
  • Super sized master bedroom with inbuilt storage
  • Two additional doubles, one with storage
  • Bathroom with shower over bath
  • Private, sunny decked entrance and entertaining area

Ground floor flat

  • Super sized floor plate of approximately *100m² – ripe for development
  • Large private courtyard area with significant storage shed

With inner city land and affordable property, a rarity, this potential packed home or investment offers an exciting opportunity to those with a vision and focus on investment for their future.

So, if you are looking for a potential packed property with dual income streams and one set of outgoings, or an inner-city site to develop into a fantastic home, this is the one for you. Call us immediately to view.

*The floor plate of the ground flat will need to be determined by interested purchasers. This is merely an estimate.

To view this property and up to date open homes times on Trade Me please click here.

Contact info

Ben Stevens
Ben Stevens

Enquire about this property


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