17 Bedroom House 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 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 HIGHLIGHTS

Walking distance to shops, cafes, 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.