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ID#367192

Te Aro

Wellington Central
Tender
5
4
Approx
200
(≈2,152.78 sq.ft.)
Approx
408
(≈4,391.67 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
Adam
+64 (0)21 409 637
Message Me

3 FLATS THE TERRACE - HUGE POTENTIAL - RV $660,000

Some properties just scream POTENTIAL so much louder than everything else!

If you are ready to roll your sleeves up and reap the rewards big time... if you want multiple income streams... if you demand only the best locations... if you want OPTIONS GALORE... then you want 370 The Terrace.

Currently configured as a home & income with a separate self contained cottage, the current rental income is substantial, offering you the opportunity to consider your future plans carefully, while you collect the significant holding income.

MAIN HOUSE:
* Large 3-bed 2-bath flat
* Separate kitchen
* Lower bedroom has a private lounge area
* Currently rented for $600pw until early 2017

UPSTAIRS FLAT:
* Spacious 1-bed 1-bath flat
* Recently rented for $350pw (currently on the market for $370pw)

SEPARATE COTTAGE:
* Stand alone 1-bed 1-bath cottage
* Rented for $350pw

The entire property is crying out for renovation, although it is totally rentable "as is". The potential for improvement is enormous and includes several options...
1. Add bedrooms to increase cashflow.
2. Cosmetic renovations.
3. Possible potential to bowl one or both dwellings and build new.
4. Or simply leave it all "as is" and land bank while you collect the substantial holding income.

For Sale by TENDER (not selling prior):
* 1pm Wednesday 04 May
* Lowe&Co Realty, 8 Kent Tce, Wellington

This one is bound to be popular with investors and developers. Come check it out on Sunday. And get ready to make your offer on tender day.

Keywords

Features

  • Home & Income
  • More than 2 living areas

Location

  • Inner City

Property Type

  • Investment
  • Character

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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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This property was photographed by

David Garratt

Wellington Central/North

ID#367192

Te Aro

Wellington Central
Tender
proudly marketed by
Adam Cockburn
Lowe & Co Realty
Adam
+64 (0)21 409 637
Message Me

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