17 Bedroom House in Wellington North

MAJORITY SHARE FOR SALE ICONIC MERLOT COURT, WELLINGTON 8 Sectional Title Units | Prime Corner Location | Major Redevelopment PotentialOwn the majority stake in Merlot Court, a landmark heritage building dating back to 1895, prominently positioned on the corner of Bain Street and Main Road one of Wellingtons most sought-after and walkable areas.Originally built as a boarding school and later a student residence, this character-filled property now offers a rare chance to control the future of an entire sectional title scheme.LOCATION HIGHLIGHTSWalking distance to shops, cafes, gyms, and both mallsClose to medical services and established retirement facilitiesExcellent visibility and access from Main RoadTHE OPPORTUNITYThis sale includes 8 sectional Titles:7 units sold from one entity.1 unit sold by a Third Party.The sale of these 8 out of a total of 11 Units will give the purchaser majority control of the Body Corporate. Note: Units can also be sold separatelyThe building is structurally sound with a good roof and retains beautiful original features, but requires refurbishment making it ideal for a value-add investor or developer.ZONING & FUTURE USEErf Size: 1,841 m2Zoning: Multi-Unit Housing, including community residential and care usesIdeal for:Boutique apartment redevelopmentAssisted living dementia care facilityLong-term residential rental investmentWHY INVEST HEREMajority ownership in a historic landmarkFlexible zoning with strong local demand driversPrime central locationMultiple redevelopment and income strategiesThis is a rare chance to restore a heritage gem while unlocking significant long-term value.Enquire NOW with the Sole mandate Agent for further information. Show more Show less