Prime seaside position
APROMINENT Oriental Bay villa that’s for sale for the first time since 1980 will be auctioned on November 16.
The two-flat property, at 162 Oriental Pde, dates to the 1880s and is one of the last houses of its era still standing in the bay.
“Everyone knows this home - its sale is the talking point of the bay,” Di Austin, of Harcourts, says.
“It’s in a premium position and offers amazing potential for land banking, investing or re-building to occupy.”
The 140-square metre, weatherboard-and-iron roof dwelling is across the road from Freyberg Beach and Freyberg Pool, on a 258 square metre section that borders McFarlane St and which has expansive city and harbour views.
“It’s one of the sunniest properties in the bay and wherever you look, you can see Wellington in the blink of an eye,” Austin says.
The downstairs flat has two double bedrooms and the upstairs flat a double bedroom and a single.
Downstairs, the living/dining room has a large, northwest-facing bay window, a kitchen with an electric range, dishwasher and provision for laundry facilities, and a bathroom with a shower, toilet and handbasin.
The upstairs living/dining room has a corner window view that stretches from north of the harbour around to Kelburn, a kitchen with an electric range and provision for laundry facilities, a bathroom with a shower-over-bath, handbasin and toilet, and access to a private deck at the rear.
Austin says the motivated Christchurchbased vendor has many happy memories of living at 162 Oriental Pde.
“She loved the character, the sun and the views, and how the location combines a beach lifestyle with the excitement of the city on your doorstep.
“She likens it to living in a holiday house all year round.”
Austin says this is a rare chance to buy a villa in Oriental Bay.
“It’s a blue-chip landmark that lends itself to numerous options, from restoring it to live in yourself, retaining it as a rental or homeand-income, or redeveloping the site in one of Wellington’s most sought-after locations.
“You could capitalise on the position and build up to a height of 22 metres to maximise the views.”
The property has a rateable value of $1.63 million and can be viewed online at https://youtu.be/ Zec0oPHpd8g. ADDRESS: 162 Oriental Pde, Oriental Bay
AGENT: Di Austin, phone 027 444 9569
VIEWING: Tomorrow and Wednesday, 1pm-2pm.