OPPORTUNITY TO PROFIT! BUY WELL BELOW RV!

ISSUE: These two supremely located Wellington City townhouses did not receive Code of Compliance Certificate when built in 1993. They both have single garages accessed from Percival Street.

They are located in a very desirable development of weatherboard homes which run between The Terrace and Percival Street. As far as we are aware, these are the only two townhouses within this development that are without CCC as the remainder of the development was completed in 1992 under the building permit regime.

The two townhouses were the last to be built in this development and are on the one building consent. This requires the outstanding compliance issues to be addressed for both dwellings at the same time. Extensive remediation of existing non compliant issues, or re building to the same exterior aesthetic and within existing building envelope, are both options.

OPPORTUNITY: Our clients are not in a position to have the necessary work completed at less than retail price, however an enormous opportunity exists for a purchaser who can carry out the required work at cost to make significant profit.

These homes are in a prime City location and are proven to be popular with tenants and buyers (based on CCC issues being rectified). #16 is currently tenanted at $560 pw, #15 had previously been rented at $550 pw.

ACTION: Contact the agents to receive a preliminary buyer information pack. Further extensive buyer information is available upon request to genuine purchasers after viewing the properties in person.