Wadestown

Opportunities like this are hard to find in Oriental Bay. Positioned within the former Rafaelle Hotel and right across the road from the beach, this twin-key apartment combines premium location, flexible living, and impressive income potential in one smart package. Whether you are a first-home buyer looking to offset the mortgage, an investor chasing strong returns, or someone wanting space for family, guests, or short-stay use, this is a compelling blue-chip option. - Twin-key apartment setup comprising a two-bedroom apartment plus a separate self-contained studio - Premium beachside position in Oriental Bay, directly opposite the waterfront and moments from the city - North-west facing aspect with excellent sun and wide views across the bay, park, sea, and city - Fantastic home-and-income or investment proposition with recent rental figures of $795 per week for the two-bedroom apartment and $490 per week for the furnished studio - Great option for buyers wanting to live in one and rent the other to help reduce mortgage costs - Two-bedroom apartment includes open living, one bathroom, a modest front deck with park and sea/city outlook, plus a second rear deck off the second bedroom - Separate studio offers generous open-plan kitchen, living, and sleeping space, along with its own bathroom and excellent outlook - Very good condition throughout with tiled bathrooms and engineered stone kitchen benches - Generous lawn in front of the building enhances the relaxed beachside setting - Easy walk to the city for work, dining, entertainment, and everyday convenience in one of Wellington's most desirable suburbs - Secure single carpark - BC levies $16,734.65pa - RV $890,000 - Rates $5,397.44pa For sale by TENDER - Offers invited from $819,000 - Closes 1pm Thursday 30 April 2026 - At Lowe&Co Realty, 8 Kent Tce, Wellington - The vendors will not consider offers prior to the tender deadline This will appeal to first-home buyers, professionals, extended families, and investors looking for flexibility, lifestyle, and strong income in a tightly held waterfront location. Dual-income opportunities in Oriental Bay are rarely available, and this one offers sun, views, parking, and proven rental appeal, so make sure you view this Sunday. I reckon you will probably love it!