Aro Valley Investment Opportunity

SOLD - This listing was sold in August 2019
AUCTION: Friday, 9 August 2019 at 12.00pm, Harcourts Wellington City Office (not selling prior).
This large bungalow in the tightly held heart of the Aro Valley university rental mile has been well maintained by the current owners and offers guaranteed income to the discerning investor. Currently configured as 1x three-bedroom flat and 2x one-bedroom flats, the weekly income is returning $1,340 per week. This property has been recently insulated where possible and has a spacious back yard and garage in case you're interested in future development potential. Don't delay, these propertunities don't come along often. Land 344m2, floor 160m2. RV $950,000.

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Main Property Features

Listing Number: WL25263

Land Size:
344 sqm
Property Type:
Home & income
Roof:
Iron
Tenure:
Freehold
Approx year built:
1910
Property condition:
Fair
House style:
Bungalow, Character
Garaging / carparking:
Single Lock-up in Basement
Construction:
Weatherboard and Fibrolite
Joinery:
Timber
Insulation:
Floor (22C bedroom not insulated), Ceiling
Flooring:
Carpet and Vinyl
Window coverings:
Drapes, Blinds
Heating / Cooling:
Electric
Chattels remaining:
Blinds, Fixed floor coverings, Light fittings, Drapes, Stove x2, Stove + Hob 2 Burner, Washer x3, Dryer x3, Fridge/freezer x3
Kitchen:
Standard, Separate cooktop, Separate oven, Upright stove and Finished in Laminate
Living area:
Open plan
Main bathroom:
Separate shower, Exhaust fan
Views:
Urban
Aspect:
West
Outdoor living:
Garden
Fencing:
Partial
Land contour:
Flat
Grounds:
Backyard access
Water heating:
Electric
Water supply:
Town supply
Sewerage:
Mains
Locality:
Close to schools
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Licensed REAA 2008

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Harcourts Wellington City

Team Wellington Ltd

Licensed REAA 2008

Level 1, 54-56 Cambridge Terrace
Te Aro
Wellington
Office website or View office details

Property Location