Address: 97 Taranaki Street, Te Aro
Bedrooms: 2 & 3
Price: From NZ$788,000
Architecturally designed townhouses right in the heart of Wellington CBD
The Paddington is a beautiful off-plan collection of 2 & 3 bedroom townhouses, located right in the heart of the CBD – on Taranaki Street. Architecturally designed Freehold 2 & 3 level townhouses with a mix of 2 bedroom, 2 bedroom + study and 3 bedroom homes. Also a selection of exciting Home/Office options (a combined commercial and residential space) as well as the hugely popular dual-key configuration.
There simply is nothing like this in the market right now. For investors, the yields are very attractive – touching 6% on standard long-term residential leases. But also given the location, short term Airbnb style rentals are possible which can increase your rental income further.
Astute investors know that market cycle timing is key in order to reap the benefits of gains quickly. Wellington is set to see very strong growth over the coming years, there is a chronic shortage of supply, vacancy rates are at record lows, and Wellington rents have recently become the highest in the country. If you're looking to diversify your portfolio outside of Auckland, please REGISTER YOUR INTEREST NOW!