Home And Income, Or Investment

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 $56,139 per annum
- Excellent CBD location

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Main Property Features

Listing Number: WL24755

Land Size:
202 sqm
Property Type:
Home & income
Tenure:
Freehold
Approx year built:
1965
Joinery:
Aluminium
Land contour:
Flat
Water supply:
Town supply
Sewerage:
Mains
Locality:
Close to transport, Close to shops
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Harcourts Wellington City

Team Wellington Ltd

Licensed REAA 2008

Level 1, 54-56 Cambridge Terrace
Te Aro
Wellington
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Property Location