72 Tory Street, Te Aro, Wellington

Car park portfolio - fire sale

A rare opportunity to secure a tightly held portfolio of centrally located car parks in Wellington's CBD.

Positioned within the popular Century City Apartment complex, this offering provides immediate passive income with minimal management requirements.

The majority of parks benefit from secure gated access, enhancing tenant appeal and occupancy stability.

With Wellington experiencing ongoing constraints in parking supply, coupled with increasing demand and council-led initiatives around pricing and time restrictions, the fundamentals underpinning this asset class remain exceptionally strong.

Historically, comparable car parks have sold for $60,000 + GST each. Our vendors instructions are clear, "forget that - I want these sold."

To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/property/72torystreet

• 17 individually titled covered car parks offered as one package
• Net income circa $42,281p.a+ GST
• Located within the sought-after Century City Apartment complex
• 15 parks positioned within a secure gated area
• Low-maintenance investment with strong tenant demand