This has to be the biggest investment apartment I have marketed for years. At 209sqm*, there is space everywhere, including 5 over-size bedrooms. No wonder the tenants love it here and it's always easy to rent! In this super central location, your tenants can easily walk to everything they need, be it university, work or play.
Offering 5 enormous bedrooms and two bathrooms, plus separate eat in kitchen, large lounge and a separate laundry, there is plenty of scope for adding value through cosmetic renovations, and possibly adding a bedroom and a third shower.
- Massive floor area 209sqm* (more or less)
- 5 huge bedrooms
- 2 bathrooms, one with an actual bath!
- Generous eat in kitchen
- Separate lounge
- Very high stud
- Currently woefully under-rented for $1,015pw until 31 Jan 2019
- Lots of upside to create additional rent and value
- Body Corp levies $11,817.02pa
- 2018 RV $670,000
- Rates $2,588.06pa
This is a very simple investment... great location, huge floor plate, massive upside for adding income and value... it all adds up to money in the bank.
For Sale by TENDER:
- Closes 1:00pm, Thursday 22 Nov 2018
- At Lowe&Co Realty, 8 Kent The, Wellington
- The vendor is not considering offer prior to the deadline
This massive central city apartment has been a greater renter for years, but our southland based vendor has other projects, so it's time for it to go. Come and check it out and see the potential for yourself!
*Source: Property Guru