Kelburn

Set on one of Wellington's most vibrant commercial strips, this mixed-use freehold presents a compelling high-yield investment with diversified income streams and long-term security. With two titles, established tenancies, and a strong net return, this is the kind of opportunity seasoned investors look for in tightly held Newtown. Upstairs, a spacious four-bedroom, two-bathroom apartment, while below, a well-established café operates under a long lease creating a balanced blend of residential and commercial income on a single holding. Key features include: • Proven dual-income Investment, Commercial & Residential • Returning $105,000 gross per annum, • Upstairs four-bedroom, two-bathroom residential apartment • Ground-floor café with a six-year commercial lease in place (They would like to extend) • Approx. 290sqm of building area on 245sqm of land • RV $1,240,000 • No off-street parking Prime Riddiford Street, Newtown position, surrounded by hospitals, retail, hospitality, and constant foot traffic an area renowned for strong tenant demand and long-term growth. This is a set-and-forget style asset ideal for investors seeking immediate cashflow, mixed-use resilience, and a blue-chip city-fringe location. Opportunities like this in Newtown are tightly held, so contact us now to arrange a private viewing. Deadline Sale (Unless Sold Prior) Closes 12pm, Wednesday 15th April 2026 at 8 Kent Terrace, Wellington ^Source of information: Property Guru, Nexus, Wellington City Council (non-verified)