308/120 Victoria Street, Te Aro, Wellington

Weekday city pad & short-stay performer

Whether you are looking for a stylish city base during the week, a lock-and-leave apartment, or an investment with proven short-stay appeal, this well-presented Te Aro apartment deserves your attention.

Positioned in the heart of the city, apartment 308 offers generous open-plan living, excellent natural light, two bedrooms, a modern bathroom and a separate study nook ideal for working from home. Offered fully furnished, it is ready to enjoy or generate income from day one.

The current owners have successfully operated the apartment as short-stay accommodation and, due to strong booking demand, viewings are available by appointment only.

Located just moments from Cuba Street, Courtenay Place, the waterfront and public transport, this is an ideal option for professionals needing a Wellington base during the week, those wanting a secure lock-and-leave lifestyle, or buyers seeking flexibility to use the apartment personally while also generating Airbnb income.

Investor insight

The apartment is currently achieving approximately 75% occupancy as a short-stay rental. An independent appraisal indicates indicative nightly rates of:

•$225-$275 per night for two guests
•$295-$355 per night for four guests

The appraisal also notes that the addition of a car park could increase occupancy by around 15 percent. A secure off-site car park is available nearby for approximately $252 per month.

Body Corporate Levy: $7,900 p.a. (includes insurance)

Rates: $4,181.10 p.a.

Flexible, fully furnished and located in one of Wellington's most vibrant precincts, this is city living with options.