93 Tasman St Mount Cook, 60 NZ
City Fringe Investment - with Big Upside
CITY FRINGE INVESTMENT - WITH BIG UPSIDE
WELLINGTON PROPERTY INVESTORS: TAKE NOTE!
This is classic property investment with all the right ingredients for strong income and capital growth: * LOCATION LOCATION LOCATION - this must be about as good as it gets. Right opposite Massey university, but also very close to the city, Newtown shops and services, supermarket and the hospital. * HUGE TENANT DEMAND ensures virtually nil vacancy and strong rental growth. * ENORMOUS POTENTIAL to increase income through smart alterations, thereby also dramatically increasing it's value. * TRADITIONAL CONSTRUCTION which appears solid.
CURRENTLY: * 2-bed flat downstairs, rented for $395pw until early 2015. * 3-bed flat upstairs, rented for $525pw until early 2015. * That's $920pw currently = $47,840pa. * Both flats very generous and tidy, with some recent renovations to kitchen and bathrooms. * RV $415,000 (obviously not reflective of market value). * Rates $2,199.05pa.
Sold $615,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
-
Alen Moshi