POA | 17.0 bed property for sale in wellington north

8 Sectional Title Units | Prime Corner Location | Major Redevelopment Potential Own 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 Wellington’s 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 HIGHLIGHTS • Walking distance to shops, cafés, gyms, and both malls • Close to medical services and established retirement facilities • Excellent visibility and access from Main Road THE OPPORTUNITY This 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 separately) The 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 USE Erf Size: 1,841 m² Zoning: Multi-Unit Housing, including community residential and care uses Ideal for: *Boutique apartment redevelopment *Assisted living / dementia care facility *Long-term residential rental investment WHY INVEST HERE • Majority ownership in a historic landmark • Flexible zoning with strong local demand drivers • Prime central location • Multiple redevelopment and income strategies This 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.