A great opportunity in one of Wellington's most popular city fringe suburbs, this property will suit investors with an eye for value add opportunities and strong locations.
- 3 bedroom, 1 bathroom flat on top. 1 bedroom bedsit below. Both on separate power/utilities.
- Off-street parking for two cars which is a huge bonus in this location, very hard to replicate and is sure to be a draw card for tenants.
- Handy to CBD and south coast, and just a short walk from Newtown's shops, cafes, restaurants and the hospital.
- Recently rented for a total of $1,165 per week ($765 + $400pw) with potential to increase. Popular location with a variety of tenants.
- Builders report & LIM available to interested parties.
- While this property is rough around the edges we believe there is tremendous value to be add via cosmetic changes.
- BEO $785,000 = 7.7% yield on previous rents. Potential for rent increase.
Top shelf location, great off street parking and positioned in an area where housing supply is always in demand. Get in touch for more information or to book in a viewing - 0278262750
*Based on previous rental incomes of $1,165pw and BEO of $785,000.
Off Street Parks: 2
Case Study Image 1: PHOTO1