PHOTO: KEVIN STENT/STUFF – This run down garage in Kelburn has sold for ”well in excess” of $50,000.

A run-down garage in the upmarket central Wellington suburb of Kelburn has sold for well above its $50,000 rateable valuation (RV) after attracting “huge” interest from potential buyers.

The Ngaio Road garage sold at tender on Friday and was described in its listing as needing a new roof and walls. Listing agent Stuart Gray of Ray White said the sale price was confidential but confirmed it sold for “well in excess” of the RV.

Gray said the small land area of 95 sqm caught the eye of tiny home enthusiasts keen to know if they could build on the site.

 

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