Opportunities like this are increasingly hard to find – two side-by-side car parks in a secure, well-ventilated central city building, available to purchase together or individually.
Positioned in the heart of Te Aro, you’re just a short walk to Courtenay Place, Cuba Street, the CBD and Wellington’s vibrant waterfront. With Wellington City Council continuing to reduce on-street parking across the city, secure off-street options in this location are only becoming more desirable.
Features:
• Two adjacent parks – buy one or secure both
• Secure, well-ventilated building access
• Premium central Te Aro position
• Suitable for owner-occupiers or investors
• Strong rental demand in the area
• Low Body Corporate fees
• Storage space within the car park area
Investment Potential:
Car parks in this area are consistently sought after by apartment residents, CBD professionals, and local business owners. With rental appraisals commonly sitting around $70-$90 per week (subject to market conditions), these parks offer a low-maintenance investment with attractive yield potential.
Alternatively, secure both for ultimate convenience – use one and rent the other or retain flexibility for future needs.
A smart, simple central city asset in a location where supply continues to tighten.
