100 Riddiford Street, Newtown, Wellington

The king of cash flow!

The current owners have enjoyed a reliable income stream over the past 15 years, from some long-standing tenants. Potential net income $258,177 pa.
Being located opposite Wellington Hospital has made this property attractive to medical tenants including pharmacy, optometrists, midwife services, physiotherapists and dentists.
The property has significant land value and has two frontages, making for a prime future development.

To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/100riddifordstreet

• A property with a steady cashflow across 10 tenants, 1 vacancy
• Significant underlying land value - 1973sqm
• Ripe for future mixed use development - two frontages
• In the heart of Newtown - opposite Wellington Hospital
. Significant on site parking for 21 cars