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Savvy Investor - This is for You!

St Albans, 1-4/447 Madras Street

Contact agent for more information

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Listing Number: MVE6230
About this listing

SOLD - This listing was sold in June 2019.

My owners purchased these units some five years ago and have since completed a full renovation. This block of 4 single level 2 bedroom units have been relined, insulated, painted, updated kitchens and bathrooms, and new carpet and vinyl. The gardens have been landscaped with new paths and driveway and more importantly all have been re clad with a modern brick. Heat pumps have been installed to attract the best tenants. These really do represent a wise investment for the astute investor. The convenient location with close proximity to our new City means they will always be easy to let. All four units are on separate titles. Current Return on Investment is 6%, current rental is $1218 per week. This is double your current bank return at 3% and you have the upside of a capital gain!

To download more information on this property, copy and paste the following link into your web browser: http://www.propertyfiles.co.nz/property/MVE6230

Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.
Property Information
  • Approx Floor Area: 240 sqm
  • Property Type: Unit, Block of units
  • Property Features: Smoke alarms, Other (Heated Towel Rails)
  • Roof: Longrun
  • Tenure: Crosslease (fee simple)
  • Approx year built: 1979
  • Property condition: Renovated
  • House style: Other (Units)
  • Garaging / carparking: Open carport
  • Construction: Brick
  • Joinery: Timber, Aluminium
  • Insulation: Walls, Floor, Ceiling
  • Flooring: Carpet and Vinyl
  • Window coverings: Blinds
  • Heating / Cooling: Heat pump
  • Electrical: Rewired (Partially rewired)
  • Chattels remaining: Blinds, Fixed floor coverings, Drapes, Separate oven x 4, Separate cooktop x 4, Rangehood x 4, Heatpump x 4, Bathroom extraction fan x 4, Clothesline x 2
  • Kitchen: Modern, Open plan, Separate cooktop, Separate oven, Extractor fan, Breakfast bar, Pantry and Finished in Laminate
  • Living area: Open plan
  • Main bedroom: Double
  • Bedroom 2: Double and Built-in / wardrobe
  • Main bathroom: Separate shower
  • Laundry: In kitchen
  • Views: City, Urban
  • Aspect: North
  • Outdoor living: Clothes line, Garden
  • Fencing: Partial
  • Land contour: Flat
  • Grounds: Landscaped / designer
  • Garden: Garden shed (Number of sheds: 2)
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to schools, Close to shops, Close to transport

Contact Details

Property Location

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