Property Type
- Investment
- Character
- Cashflow
- Find a Property
- Residential
- Commercial
- Farm/Ag
- Rentals
ID#360868
Aro Valley
Wellington Central
Tender
7
5
Approx
190m²
(≈2,045.14 sq.ft.)
Approx
438m²
(≈4,714.59 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
CITY FRINGE - CA$H MONSTER - RV $750,000
Ca-ching! Ca-ching! Ca-ching!
That's the sound of the cash rolling into your bank account every month when you own this absolute CASHFLOW MONSTER, located right on the edge of the city.
With an appraised market rent of $1,390 - $1,455pw, this property will be the cornerstone of your retirement plan. This amounts to a total gross rent of OVER $72,000pa.
Very rarely will you find such an impressive list of features in an investment property:
* APPRAISED RENT $1,390 - $1,455PW
* Fantastic location that will always guarantee a queue of tenants wanting to rent it... stroll to Aro St village, Victoria Uni and the city
* 7 bedrooms (assuming you use the large separate lounge as a bedroom)
* Included in the 7 bedrooms are two MASSIVE double glazed & insulated studio sleep-outs with ensuites & heat pumps
* a total of 4 modern ensuite bathrooms plus a family bathroom including a claw-foot bath
* newly carpeted & painted
* gas central heating
* native wooden floors
* tandem car parking
* large decks
* flat sunny back yard that backs on to nature reserve
* 4 storage sheds for the tenants bikes, your gardening tools etc
* RV $750,000
* Rates $3,155.66pa
* Please note: the floor area is recorded as 150sqm, but this will exclude the studio sleep-outs, which I have estimated to be 20sqm each, bringing the total estimated floor area to 190sqm
To get this combination of location, cashflow, ratio of bedrooms to bathrooms, parking, outdoor living and storage is... well, hens' teeth come to mind!
My out of town vendor has understandably never had trouble finding tenants for this goldmine, but the property is now surplus to requirement, so it's your turn to own this absolute cash machine.
See you at the open home - prepare to retire!!
For Sale by TENDER:
* Closing 12:00pm Friday 19 February
* At Lowe&Co, 8 Kent Tce, Wellington
* Will not be sold prior
Keywords
Features
- Sleepout
- Off-street parking
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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