51 Hawker Street, Mount Victoria, Wellington City, Wellington

Viewings: Pre-registration is essential for viewings. Please email to register your interest and be advised of viewing time.

Presenting an exceptional opportunity to secure a well-located property in one of Wellington's most desirable areas. 51 Hawker Street is currently configured as four one-bedroom dwellings, each dwelling boasting a strong rental history with consistently high occupancy rates.

The property's prime location ensures easy access to central Wellington, town belt walking tracks, and an abundance of local amenities, including excellent schools, vibrant cafes, restaurants, supermarkets, and the scenic waterfront.

This property offers a fantastic opportunity for savvy investors seeking a reliable income stream from a well-established rental property in one of Wellington's most sought-after neighbourhoods. The property is currently professionally managed, providing you with the option to continue with current management for ease of operations, or take the reins and manage it yourself.

Key Features:

•Location: Prime Wellington location with proximity to the city centre and essential amenities.

•Configuration: Four x One-Bedroom Dwellings

•Rental Income: $1,885 per week

•Land Area: 329 sqm (more or less)

•Floor Area: 230 sqm

•Total Units: 4 Dwellings

•Current Rental Appraisals Available

Land Bank for Future Development: Offering a combined total land area of 815 sqm (more or less) across both 51 and 53 Hawker Street, this is an outstanding land banking opportunity. Investors looking to secure a prime location for future development will benefit from this substantial parcel of land, as both properties offer a total of 8 units. Whether you're seeking an established rental investment or looking to land bank for future growth, these properties provide the flexibility to cater to a range of investment strategies. Current combined rental income for 51 and 53 Hawker Street per year = $198,900.

Option to buy one or both.

Tender: Closing Wednesday 26 March 2025 at 2:00 p.m. (will not be sold prior).

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