Standing proudly in the heart of Picton’s vibrant CBD, this remarkable circa 1902 landmark is a property many locals and visitors will already know and admire. Rich in history and character, it offers a rare opportunity to secure a unique piece of Picton’s heritage, just metres from the foreshore reserve, marina, cafés and waterfront attractions that define this thriving coastal town.

Originally built as the Bank of New Zealand (BNZ), the building features a fascinating history dating back to Picton’s early days. The bank initially operated from the Provincial Council Chambers before moving to Wellington Street in 1864, when local politician Arthur Beauchamp, grandfather of renowned New Zealand author Katherine Mansfield, built premises for the bank. Following the destruction of the original wooden building in an 1865 fire, the impressive replacement we see today was constructed in 1902.

During the 1864 Wakamarina gold rush, the Picton branch established a nearby agency to purchase gold from miners, with bank staff famously carrying registered revolvers to protect their cash and gold. The 1902 building continued to serve the BNZ until 1969 and remains a lasting reminder of Picton’s rich commercial and gold rush history.

Today, this beautifully presented property blends historic character with modern comfort, offering an inviting and versatile space with thoughtful attention to detail throughout.

Currently configured with three beautifully appointed suites, the layout provides flexibility for a range of living or accommodation options. The impressive upstairs suite offers a private retreat, complete with its own lounge, luxurious bathroom and spacious king-sized bedroom. Two additional suites each feature their own ensuite, providing comfort and privacy for family, guests or short-stay visitors.
Quality fixtures and fittings reflect the care taken to maintain and enhance the property. For the entrepreneurial owner, the configuration offers potential for boutique accommodation or Airbnb income, allowing you to make the most of Picton’s visitor market while enjoying the property yourself.

The ground floor presents exciting future potential, with space ready to be transformed into a welcoming guest lounge. The existing commercial kitchen could also be reimagined as a spectacular designer kitchen, ideal for entertaining and everyday living.

Adding further appeal, there is no GST payable on the purchase, offering clarity for buyers considering this distinctive investment or lifestyle opportunity.

Properties combining this level of history, character, scale and positioning are seldom available. Whether you envision a distinctive residence, boutique accommodation venture or a blend of both, 33 Wellington Street offers an extraordinary opportunity to become part of Picton’s story.

There is a furniture package available for purchase, that exudes comfort, luxury, and complements the overall ambience of this special building.

Schedule your viewing today to own a slice of Marlborough history.