Highbury 7 Ninian Street

SUPER SIXTIES CA$H MACHINE: $1,165pw RENT!

Are you looking for a high income investment, with two income streams, in a hugely popular rental location, built from time tested construction methods and materials?

A seasoned investor understands the keys to finding a GREAT investment property...
LOCATION, LOCATION, LOCATION: I know it's been said before, but that's because it is TRUE! You want a property in a location where tenant demand is huge. You want tenants falling over themselves and fighting with each other when the property becomes available. Being so close to the university, Kelburn village, Aro St and the city, you are onto a winner here. SOLID CONSTRUCTION: good old fashioned kiwi timber and iron. Nothing fancy here. But very reliable. The 1960s was a great era in construction. STRONG INCOME: when it comes down to it, it's the cashflow that actually pays the bills every month. So the income needs to be strong and reliable. With current income of over $60,000pa, 7 Ninian St sure pays the bills. WELL MAINTAINED: you don't want a mountain of deferred maintenance costs eating up your cashflow for years to come. This beauty has been well cared for. FEE SIMPLE: ideally you want to own the land outright, so you have total control. These types of properties tend to increase in value better than other types of real estate.
7 Ninian St really does tick these boxes, producing a highly sought after "winning formula" for investors.

MAIN HOUSE (rented for $875pw until early 2014):
5 generous bedrooms with good storage 3 bathrooms (inc ensuite) large separate laundry very spacious open plan kitchen / dining / living big deck off the living room good sun and great city / sea views private landscaped courtyard partly double glazed heat pump
SELF CONTAINED FLAT (under-rented for $290pw until early 2014):
very generous 1-bedroom flat open plan kitchen / living heat pump
Phil & Lin bought this property because their daughter Laura was attending university in Wellington. It was spacious, sunny, private and dry... unlike most places Laura saw when she was out looking for a flat to rent! But home is in the Hawke's Bay, and Laura has finished her studies, so this awesome goldmine is now surplus to requirements.

Contact me (Adam) today, come and check it out for yourself, and take control of your future today. Phil & Lin have looked after it beautifully... now it's your turn to have it look after you!

Property Information

• Floor area approx 220sqm

Property Features

• Garages 2