Our vendor is highly motivated to sell this stellar 4 flat Villa located on Coromandel Street in popular Newtown. A fantastic option for the investor, affording an immediate income stream from 2 fixed leases and 2 periodic tenancies. Three of the four flats are in very tidy, renovated condition with one requiring some updating, offering the potential to add even more value.
Close to Newtown shops, walkways and Wellington Hospital. What more could you want!
Features of this property include:
- 1x 1 bedroom, 2x 2 bedroom and 1x 3 bedroom flats
- 2 leases fixed until Feb/March 2019 and 2 periodic tenancies
- Awesome Newtown location
- Close to Newtown centre, cafes and CBD
- Off-street parking for 3 cars
- Good transport options
- Currently returning $1,465 per week
- Rental appraisal available - range between $1,740 - $1,860 p/w
With the rental market in dire need of accommodation, this could be the ideal opportunity to acquire your foothold within the market. Our Vendor's motivation could be your opportunity - simply buy and watch your rents come in!
Viewings by appointment only.
LIM report available upon request.
*Please note new Rating Valuations are being issued from the 7-9 November 2018. Please visit wcc.govt.nz or qv.co.nz for further information. We will be updating our listings accordinly to these new figures asap.