186 Riddiford Street

Dual-Income Freehold on Riddiford

Set on one of Wellington's most vibrant commercial strips, this mixed-use freehold presents a compelling high-yield investment with diversified income streams and long-term security. With two titles, established tenancies, and a strong net return, this is the kind of opportunity seasoned investors look for in tightly held Newtown.

Upstairs, a spacious four-bedroom, two-bathroom apartment, while below, a well-established café operates under a long lease creating a balanced blend of residential and commercial income on a single holding.

Key features include:

• Proven dual-income Investment, Commercial & Residential
• Returning $105,000 gross per annum,
• Upstairs four-bedroom, two-bathroom residential apartment
• Ground-floor café with a six-year commercial lease in place (They would like to extend)
• Approx. 290sqm of building area on 245sqm of land
• RV $1,240,000
• No off-street parking

Prime Riddiford Street, Newtown position, surrounded by hospitals, retail, hospitality, and constant foot traffic an area renowned for strong tenant demand and long-term growth.

This is a set-and-forget style asset ideal for investors seeking immediate cashflow, mixed-use resilience, and a blue-chip city-fringe location. Opportunities like this in Newtown are tightly held, so contact us now to arrange a private viewing.

Deadline Sale (Unless Sold Prior) Closes 12pm, Wednesday 15th April 2026 at 8 Kent Terrace, Wellington

^Source of information: Property Guru, Nexus, Wellington City Council (non-verified)