POA | Apartment Block For Sale in Wellington North

!!ON CONFIDENTIAL TENDER!!

9 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 9 sectional Titles:

• 7 units sold from one entity.
• 1 unit sold by the Body Corporate (still to be registered and added to the Sectional Title scheme at own cost).
• 1 unit sold by a Third Party.

The sale of all Units will give the purchaser majority control of the Body Corporate.

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 and instructions to participate in the confidential Tender process.

!!TENDER CLOSES 20 APRIL 2026!!