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Home And Income, Or Investment

Upper Hutt Central, 3 Russell Street

Price by Negotiation

  • 4
  • 3
  • 4
  • 2
Listing Number: WL24755
About this listing
This tidy building would make a great investment, or live in one apartment and sit back and let the income from the other three units pay the mortgage. With a new roof and exterior paintwork, this building would make an excellent start or addition to your property portfolio, with two ground-floor commercial tenancies, and two well-presented apartments upstairs. On the ground floor, Salon Cheveux has an immaculate and well-established business occupying one side, with Pukeko Therapy massage therapy leasing the opposite. There are two 2-bedroom apartments upstairs, which are always in high demand. Situated a short walk from the main shopping mall and railway station, the property is also adjacent to a large free car parking area. Upper Hutt is enjoying increasing popularity, with a growing population and residential property prices picking up as many homeowners find better value further from Wellington city suburbs.
KEY DETAILS
- Floor area: 290m2
- Land area: 202m2
- Built in 1965
- Two residential apartments, plus two commercial tenancies
- Gross income $57,500 per annum
- Excellent CBD location
Property Information
  • Land Size: 202 sqm
  • Tenure: Freehold
  • Approx year built: 1965
  • Property Type: Home & income
  • Joinery: Aluminium
  • Land contour: Flat
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to shops, Close to transport

Contact Details

Level 1, 54-56 Cambridge Terrace
Te Aro
Wellington
Office website

Property Location

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