Okay, we admit it, this property needs some TLC on the exterior... but if you can look past the paint job, scratch the surface, and you will find a great little money spinner, in a super central Newlands location, right by the shops. Two x 2-bed flats, each with a carport, all in quite tidy condition inside, rented for $900pw, this is a little ripper that's ready to go.
Each Flat is essentially identical:
- Rented for $450pw each Jan 2020 (8a) & early 2020 (8b)
- 2 double bedrooms
- Generous lounge
- Separate kitchen
- Bathroom with shower over bath
- Separate WC
- Covered carport
- Plus room for more parking in the driveway
For Sale by TENDER (if not sold prior):
- BEO $599,000
- Closes 1:00pm Tuesday 05 Feb 2019 at Lowe&Co Realty, 8 Kent Terrace, Wellington
- The vendor will consider offers FROM TUESDAY 29 JAN
With $46,800pa in rental income, in a super convenient location, this is an affordable entry level investment that is set and ready to go. Our vendors have had 11 good years from this property, but a change in circumstances means it's now time for it to go. Pick up this diamond, give it a polish, and you will probably reap the rewards for the next 11 years too.