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135 The Parade, Island Bay, Wellington, 2 Bedrooms, 2 Bathrooms, House

Buyer Enquiry Over $715,000

135 The Parade, Island Bay, Wellington

2
2
170m2
283m2
HouseListed on Tue Sep 24
Most Popular

Island Bay 2 Bedroom Shop + Apartment- An Island Bay Icon!

Offering a great mix of multiple income streams, incredible location and further land to develop in prime Island Bay real estate, this must be seen by developers and builders looking for an amazing project with so much potential to add value.

With so much on offer here for under a million dollars, this must be some of the best buying available in Island Bay right now!

Discover this versatile heritage gem at 135 The Parade, nestled in the vibrant heart of Island Bay. This heritage gem seamlessly combines historical charm with modern potential, surrounded by lively local shops, cafés and convenient public transport.

Property Highlights:

• Iconic Dairy on the Ground Floor: A thriving business with long-term tenants, offering immediate rental income while you plan your vision.

• Flexible Living Quarters: The upstairs space could be reimagined as offices, residential units, or tailored to suit your creative ideas (Subject to WCC approval)

Why you'll love this property:

• Prime Location: Situated in a sought-after area, it's perfect for mixed-use redevelopment while preserving its classic allure.

• Heritage Character: Enjoy the unique architectural features and historic significance that sets this property apart in Island Bay.

• Zoned for Development: Explore diverse customization options, whether you envision adding residential units, boutique commercial spaces, or a combination of both.

With careful restoration and compliance updates, this property has the potential to become a highly valuable asset in the expanding Island Bay market.

This property is ideal for those who appreciate historic charm and have a vision for revitalising a character-rich space. There are so many options!

Don't miss out on this unique chance to own a piece of history with incredible future potential. Schedule your exclusive viewing today by calling 027 727 5136. Viewings are by appointment only, with no deadline to wait for.

Location

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Council Data

Last update : 2025 02 26
Improvement value$130,000Reduced by -13% from year 2021
Land value$510,000Reduced by -34% from year 2021
CV(Year 2024 Month 09)$640,000Reduced by -31% from year 2021
Land area283m²
Floor area170m²
Decade of construction1900
TitleWND4/615
Type of titleFreehold
Legal descriptionLOT 2 DP 26825 - INT IN R/W DP 88893
CouncilWellington
Estate descriptionFSIM,1/1,LOT 2 DEPOSITED PLAN 26825,283m2
ConstructionExternal Walls: Wood
Roof: Iron
ConditionExternal Walls: Average
Roof: Average

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Island Bay School
0.17 km
Primary
1-6
Government
Co-Educational
EQI: 374
10
Wellington East Girls' College
3.70 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 413
8
Wellington High School and Com Ed Centre
3.75 km
Secondary
9-15
Government
Co-Educational
EQI: 406
9
St Oran's College
18.76 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 378
10

Property history

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Surrounding facilities

The Parade Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
119 Volga Street, Island Bay
0.35 km
5
2
190m2
Year 2024 Month 12 Day 11
-
Council approved
76 Clyde Street, Island Bay
0.19 km
3
125m2
Year 2024 Month 12 Day 02
$1,225,000
Council approved
22 Waikato Street, Island Bay
0.26 km
3
114m2
Year 2024 Month 10 Day 31
$940,000
Council approved
40 Derwent Street, Island Bay
0.29 km
3
120m2
Year 2024 Month 10 Day 11
$1,090,000
Council approved
34 Freeling Street, Island Bay
0.29 km
2
106m2
Year 2024 Month 09 Day 27
$1,030,000
Council approved

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Ref:BDN33612Last update:2025-02-14 11:05:41