Te Aro, Wellington City

As Exclusive Agents, CBRE New Zealand is proud to offer to the market 42 Webb Street, Te Aro, Wellington for sale by Private Treaty.An excellent opportunity for both investor or owner occupier, 42 Webb Street comprises of a two-level building constructed in the 1950s, providing Ground Floor workshop, and First Floor residential accommodation which provides a five-bedroom apartment. The freehold land parcel is 212sqm (more or less) with some 424sqm (approx.) net lettable area (NLA) currently generating a gross income of $111,000 per annum, making this an excellent proposition for an investor looking to secure a property with a diverse income stream in the sought-after Wellington location of Te Aro.Investment highlights include:– 5-bedroom apartment (228sqm) & Ground Floor workshop (195sqm)– Land area: 212sqm– Zoning: Central Area– Building height limit: 27m– Passing gross income: $111,000pa 42 Webb Street is being offered for sale by Private Treaty. CBRE strongly recommends your early consideration of this mixed-use investment opportunity and encourages interested parties to get in touch without delay.