Great location, very walkable, lots to do within a few blocks of here. The space is a small studio, but it doesn't feel small, it feels spacious. It's set up so cleverly to use space well, and feel roomy and comfortable. We had everything we needed. There are lovely art pieces and we enjoyed being in the place, as well as exploring from there. Martine's recommendations for local eats are good, and... there's an Ethiopian place just downstairs, and across the arcade, a place called Oriental Kitchen that has really, really great curry. Some of their other dishes are just OK, but the curry was really great.
Be aware that if you bring a car, there is no free parking nearby during the day. Street parking is free at night, if there's a space. If we come back to Wellington, we'd definitely stay here again.