Cashflow Investment Auction Opportunity

SOLD - This listing was sold in December 2019
Absentee owner says sell! Nine-bedroom investment property in top city location (27 Arlington Street) - walk to Cuba Street, Massey University and all city amenities. Positioned in quiet city cul de sac with single garage and parking available. Excellent rental history - seldom vacant. Previous return as two flats was $2050 per week - potential return as 9 bedrooms including sleepout at least $1980 per week. Although this property is in good condition, some Wellington City Council compliance standards are required to be met for rental as two flats. Here is an outstanding auction opportunity to acquire well-located, freestanding real estate. Only two owners in 23 years is testament to a successful, easily tenanted, income-producing property. Highly recommended! Viewing by appointment only.
To be sold by Auction, Friday December 13, 2019, at 12pm, 54 Cambridge Terrace, Wellington.

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Main Property Features

Listing Number: WL25364

Land Size:
357 sqm
Property Type:
Home & income
Property Features:
Smoke alarms
Roof:
Iron
Tenure:
Freehold
Approx year built:
1910
Property condition:
Fair, Good
House style:
Colonial
Garaging / carparking:
Single lock-up
Construction:
Weatherboard
Joinery:
Timber
Insulation:
Ceiling
Flooring:
Carpet
Window coverings:
Drapes
Heating / Cooling:
Electric
Chattels remaining:
Fixed floor coverings, Light fittings, Curtains, Drapes, Stove x2
Kitchen:
Modern
Living area:
Open plan
Main bedroom:
Double
Bedroom 2:
Double
Bedroom 3:
Double
Bedroom 4:
Double
Bedroom 5:
Double
Bedroom 6:
Double
Bedroom 7:
Double
Bedroom 8:
Double
Additional rooms:
Sleepout
Laundry:
In kitchen
Views:
Urban
Aspect:
North
Outdoor living:
Clothes line
Fencing:
Fully fenced
Land contour:
Flat to sloping
Grounds:
Backyard access
Water heating:
Gas
Water supply:
Town supply
Sewerage:
Mains
Locality:
Close to schools, Close to shops, Close to transport
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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
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