Quality Investment, Home And Income Or Large Home

Make no mistake, this is a remarkably rare opportunity in one of Wellington's most sought-after locations. A Mt Victoria offering that has to be one of the most attractive investment/development opportunities that we have seen in a long time. This property will appeal to a wide category of buyers as we have options for home and income, straight out investment, Air BnB or even converting into a single family home. Will this be you? It's located in a quiet street with east west aspect and is positioned distinctively for all day sun and is of course only a short walk to the myriad of attractions that the world's greatest little capital city has to offer. It's a three flat property with 1 x 2 bedroom flat and 2 x 1 bedroom flats all with their own private courtyard. The icing on the cake is a single garage which is as rare as hens teeth in Mt.Victoria.
All three flats are tenanted and the returns are as follows:
Flat 1 - 2 bedrooms rented for $550 per week
Flat 2 - 1 bedroom rented for $430 per week
Flat 3 - 1 bedroom rented for $450 per week
The vendors have LIM and builder's report available for all prospective purchasers. The current owner with the admirable assistance of good tenants has kept maintenance and presentation to a high standard. With strong ongoing demand forecast for inner city rentals and the options to develop the high ceiling space, plus the first rate location, this is a special Wellington opportunity.
There are strict viewings times so please call to arrange a private inspection if you can't make it to the open home. An outstanding opportunity in a very good part of the city. Make it yours. Call now. RV $1,200,000.00

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Main Property Features

Listing Number: WL25407

Land Size:
311 sqm
Property Type:
Home & income
Property Features:
Smoke alarms, Other (Fibre)
Roof:
Iron
Tenure:
Freehold
Approx year built:
1890
Property condition:
Good
House style:
Character, Other (3 flat property)
Garaging / carparking:
Single lock-up
Construction:
Weatherboard
Joinery:
Timber
Insulation:
Ceiling
Flooring:
Carpet and Timber
Window coverings:
Drapes
Heating / Cooling:
Electric, Other (HRV)
Chattels remaining:
Blinds, Fixed floor coverings, Light fittings, Stove x3, Fridge/freezer x3, Washing Machine x3, Clothes Dryer x3, Dishwasher x3, 7x Wall Mounted Eco Heaters
Kitchen:
Modern, Dishwasher, Separate cooktop, Separate oven, Extractor fan, Breakfast bar and Finished in Laminate
Living area:
Open plan
Main bedroom:
Double and Built-in-robe
Bedroom 2:
Double
Bedroom 3:
Double and Built-in / wardrobe
Bedroom 4:
Double and Built-in / wardrobe
Additional rooms:
Attic
Main bathroom:
Bath, Shower over bath, Exhaust fan
Laundry:
In bathroom
Views:
Bush, Urban, Private
Aspect:
North, West, East
Outdoor living:
Entertainment area (Uncovered, Concrete and Other surface), Clothes line, Garden, BBQ area (with lighting)
Fencing:
Fully fenced
Land contour:
Flat
Grounds:
Tidy, Backyard access
Water heating:
Electric
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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Property Location