131-133 The Parade Island Bay, Wellington City

Calling profit seekers, investors, builders and developers. All consents approved, so the hard work has been done!

The plans have been drawn up, resource and building consent (including sub-division approval) granted to convert the existing two shops and two multilevel flats into something spectacular. The plans are for two 4-bedroom homes plus commercial street frontage with two shops or offices. The anticipated rental return on completion is $145,000 per annum.

After going through the consents process, a change of circumstances requires the current owners to sell, providing you a unique opportunity to reap the real rewards plus a healthy profit.

The current rental return is over $55,000 per annum. This can be further increased by leasing the second commercial unit while development plans are finalised. The options are to retain as is. Complete & live in one while renting 3 units; home plus office or shop + rentals; rent them all. So many options equals one huge opportunity.

So get your measuring tape out and call the vendors exclusive agents to secure your private viewing.

Tender closing 1pm, Wednesday 15th July 2020.