Features
- Self-Contained Flat
- 2 Living areas
- Air Conditioning
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- Residential
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ID#359978
Mt Cook
Wellington Central
Tender
6
2
Approx
153m²
(≈1,646.88 sq.ft.)
Approx
574m²
(≈6,178.48 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
Huge Cashflow Home & Income - City Fringe - RV $670,000
Some properties just scream "Fantastic Investment", and this traditional home & income on the edge of the city is certainly one of them! The hard work has been done, whilst there is still room for further improvement, hence creating further additional cash-flow and equity.
All of the hallmarks of a fantastic long term investment are here:
•traditional fee simple real estate - you are in control of your asset
•big income - currently rented for $1,210pw
•massive demand location - SOOO close to Massey Uni & the city, and easily accessible to Victoria Uni, the hospital, Newtown shops, everything you need is within easy reach
•these sorts of properties never have trouble finding plenty of tenants willing to pay top dollar - very low vacancy rate
•some upside through increasing rents and equity with renovation
Main House:
•5 bedrooms
•1 bathroom
•Semi-open plan kitchen / living
•Currently rented for $850pw until 25 Feb 2016
•Perfectly rentable ,as is, but tons of scope for adding cash-flow and equity with simple cosmetic renovation
Lower Flat:
•Spacious studio apartment
•Recently completely re-built and finished to a high standard
•Currently rented for $360pw until 28 Jan 2017
PLUS the current owners have a feasibility report from a registered firm of surveyors that shows subdivision of the property into two titles may be possible.
•RV $670,000
•Rates $3,306.11pa
For Sale by TENDER:
•Closing 12 noon Friday 12 Feb
•Not selling prior
This has been the jewel in the crown for my vendors' portfolio. But their plans have changed, so now it is your turn.
Opportunity only knocks once. Can you hear it?
Keywords
Property Type
- Investment
- Character
- Home & Income
Agent
Adam Cockburn
Lowe & Co Realty
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Hi, my name is Adam.
I love Wellington real estate! I caught the bug after reading a Dolf De Roos book in 1998, and bought my first property in Adam's Terrace, Aro Valley, just before I headed off to London for a number of years. I kept buying property, mainly in London and Auckland, whilst living in the UK, returned back to Wellington in 2005, and have been selling Wellington real estate since 2007. Having started out in sales during the biggest recession since the 1930s, this means that I have had to develop good habits from the start, to make sure I deliver the best service, and achieve the best results, for my clients when they want to sell their Wellington real estate.
I have lived in many different neighbourhoods, including Wadestown, Kelburn, Ngaio, Thorndon, Highbury, Rongotai, Miramar and Seatoun. Wellington is a great city and we should be proud of it. It is vibrant and alive, it is the cultural and coffee capital of the country, it is beautiful whilst also being an easy city to live in, due to it's compact nature.
So if you are looking to buy or sell Wellington real estate, give me a call. I will follow up every lead and turn over every stone, to make sure we achieve the best results possible together.
I look forward to working with you.
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