Deceased Estate, First Time Available For 55 Years

Located in one of Kelburn's most highly regarded streets this grand old 1925 character villa's current iteration is a home with two incomes and will have strong appeal to both owner/occupiers and investors.

The possibilities are limitless including;
* Living in the extremely spacious 3 bedroom main home and enjoying income from two flats; currently a two and one bedroom.
* Reconfiguring the (approx) 330 sqm combined floor area to increase bedroom numbers to really maximise the rental returns. This location is highly sought after by tenants.
* Creating one magnificent family home incorporating one or both flats.
* Holding and enjoying healthy rental returns and ultimately developing the 799sqm site.

Additional attractions of the location and property include;
* Many outstanding character features with beautiful original timber work.
* Quiet cul de sac location
* Plenty of sun and light throughout the home
* Immediate proximity to the University and the CBD, with direct downtown access via the cable car which is just a few minutes walk
* Lovely views over the city, harbour and Hunter Building
* Established gardens
* Kelburn Village shops are a short walk away
* Single garage

The hallmark of any great real estate is length of ownership. 55 years says it all. This is a wonderful opportunity to acquire this extremely versatile property in a tightly held blue chip Kelburn location.

The intent to sell this deceased estate is serious and will be sold by Tender closing in our rooms at noon on Friday 4th April, 2025.