67 Rhine Street, Island Bay, Wellington, Wellington

Looking for your next profitable project? 67 Rhine Street presents an exciting chance to capitalise on a property with real potential, but it does come with a few speed bumps!

While the home requires some TLC and currently has consenting matters to work through, the rewards for the right buyer could be significant. Whether you're considering building new, adding multiple dwellings, or land banking for future gains, this is a project with promise.

Set on a generously sized section, this site offers the scope to subdivide or develop, making it an ideal pick for savvy investors, developers, or renovators ready to roll up their sleeves and unlock serious value.

Property key highlights:

• Stunning views across Island Bay and out to the ocean.
• Large block with subdivision/development potential.
• Right of way access is at the front of the section and goes through to Eden Street.
• Located in a high-demand growth area.
• Flexibility for a wide range of value-add strategies.
• Perfect for buyers looking to make their mark.

Yes, it will take some effort - but with the right approach, this property could be transformed into a high-performing asset.

Tender closes 12pm Wednesday 21st May 2025 at Tommy's Real Estate Limited, 209 Victoria Street, Te Aro, Wellington. (Vendor reserves the right to sell prior)