4 INVESTMENT FLATS OR DEVELOPMENT SITE - BEO $995,000 | Tender

Unit 1-4, 6 Moncrieff St, Mount Victoria

  • Bedrooms8
  • Bathrooms4
  • Garages1
  • Living Areas4
  • Off-street parking3

OPEN HOMES:Sun 23 Feb 1.00pm - 1:30pm, Sun 1 Mar 1.00pm - 1:30pm

Opportunities like this are about as rare as hen's teeth... perhaps even rarer! Four 2-bedroom flats, all on separate unit titles, generously proportioned with character features retained, on a gently sloping site in city end Mount Victoria, on a quiet street with good sun.

WCC have determined the building is earthquake prone and has given the owners until 2027 to remedy the situation.

- Four 70sqm* 2-bed 1-bath flats
- Land area 357sqm*
- Each flat is in various states of presentation
- Flat 1: rented for $540pw until March 2020
- Flat 2: currently vacant and available for rent
- Flat 3: rented for $495pw until December 2020
- Flat 4: rented for $480pw until February 2021
- One single garage plus 3 car spaces on site
- Total RV $1,490,000
- Total Rates $7,275.17pa

For Sale by TENDER - BEO $995,000:
- Closes 1pm Thursday 05 March 2020
- At Lowe&Co Realty, 8 Kent Tce, Wellington
- The vendors will not be considering offers prior to the deadline

With a location that is hard to beat, and with incredible holding income in place until you get your plans worked out, the re-development opportunities here are awesome. Come check it out and be ready to make your offer on tender day.

(*source: property guru)

Address

Unit 1-4, 6 Moncrieff St, Mount Victoria

Tender

Closes 1.00pm, 5 March at 8 Kent Terrace, Wellington

RV

BEO $995,000

Listing ID

LOWE2753

Type

Home and Income

Floor Area

290 m² approx

Land Area

0 m² approx

Rates

$7,275.17