72 Webb Street, Te Aro, Wellington

Opportunity knocks

Constructed in the 2000s this multi-unit complex is well located to capitalise on the demand for inner city living and affordable commercial tenancies. It is not without its challenges however and will require the purchaser to resolve compliance and watertightness issues before they can unlock the property's true potential.

A problem for some, but an opportunity for those who are prepared to do the hard work and reap the rewards from bringing the units up to standard. Unit titling may be a possibility which would further open the door to a sell down of the units to owner occupiers and passive investors.

• Six residential and three commercial units on a single title
• Basement car parking
• Holding income
• Requires work

To assist you with your assessment of the offering online due diligence data is available at https://propertyfiles.co.nz/property/72WebbStreet_TP8