227 The Parade, Island Bay, Wellington

This incredibly unique opportunity is unseen before in Island Bay, it includes three houses on one title set on a massive 1138 sqm flat parcel of land. Bathed in all day sun in this desirable location across the road from the Empire Cinema and an easy 5 minute walk to Island Bay Village shops, cafes, Supermarket and close to the beach.

There are multiple options here whether you are looking for a home with incomes, investment and/or landbank, or development site for multiple Townhouses, they don't come better than this, especially with the bonus of immediate income from the Townhouses coming in from day one.

First time on the market for 60 years this has been the much-loved family home of four generations.

Here's what's on offer:

Front house - The character 1920s home features 3-4 bedrooms, three living areas, two bathrooms, and two kitchens plus a lovely sunny garden and a double garage. Attached at the rear is a self-contained one-bedroom 'granny flat' with a large garden

Townhouse 1- Large home with three double bedrooms, spacious open-plan living/dining and a carport

(Built-in 1999) rented for $650pw - periodic tenancy

Townhouse 2 - Large home with three double bedrooms, large sun filled open plan living and a carport

(Built-in 1999) rented for $625pw - periodic tenancy

Total Land area - 1133sqm

Fee Simple Title

Total Dwellings Floor area - 570sqm (approx)

This is a 'one of a kind' opportunity that doesn't come along often, representing multiple options for astute Developers or Investors who will know what to do here!