Photo of development - The District
Photo of development - The District
Photo of development - The District
Photo of development - The District
Photo of development - The District
Photo of development - The District
The District  The District Off The Plan

Petone the 'Ponsonby' of Wellington!

Introducing 'The District', a new and exciting development on Jackson street, Petone

Location and quality are always the key and this ticks all those boxes!
This bank-friendly apartment could be seriously cash positive and perfectly placed for capital gains.
Also suited for owner occupiers looking for a self contained visitor unit or a HOME + INCOME.


* 1 bedroom + Studio + car park
* Rental appraisal $750 to $800 p/wk (includes carpark)
* Two income producing properties on one title
* Each portion can still be let separately
* Pay body corp and rates for one property, not two.
* Stylish Modern compliant construction = easy to rent
* Excellent location
* Estimated Body corp $4,000 to $4,400 per year
* Estimated Rates $2,000 - $2,300 per year
* Over 100% earth quake rating
* Brand new building
* Settlement early 2018
* Free hold Car parks 40k each

Two apartments (a 1 bedroom, and a studio) on one title = two income streams, only one set of body corp and rates = smart investment.

Developer is keeping majority of the units
Lock in the price now for only 10% deposit
Buyer information pack available upon request, the developer is one of Wellingtons most successful, other projects including Messina & Revolucion.

Lot Bed Bath Car Internal (SQM) External (SQM) Floorplan Price
102/102a 2 2 0 73 7 $575,000
110 2 1 0 68 7 $530,000
111/111a 2 2 0 77 9 $545,000
112/112a 2 2 0 76 8 $545,000
113/113a 2 2 0 74 7 $540,000
114/114a 2 2 0 73 7 $540,000
115 1 1 0 39 5 $350,000