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Listed over 5 years ago

ID#438560

Porirua

Porirua
Tender
12
4
Approx
200
(≈2,152.78 sq.ft.)

4 Unit Cash Printing Press + Additional Land

For almost 15 years the current owners have tightly held onto this very lucrative investment property showing a steady income stream. Now you have the opportunity to take over, add your own touches and create even higher returns and cashflow
- 4 spacious units, each with 3 bedrooms a separate lounge, open plan kitchen & dining plus access to the rear yard.
- Plenty of drive on parking straight outside every unit.
- Excellent location with everything your tenant needs close by - shops, schools, buses & trains & easy access to the new upgraded motorway.
- Some insulation upgrading undertaken.
- Current rents are well below market, and a with some upgrading they could be increased even further.
- Typically, the tenants are long term and the units are always in demand.
- With a massive, virtually flat 1,889 sqm section, there's plenty of room for further development.
As the rental market tightens even further and tenants move out of the city in search of more affordable accommodation, there's potential for huge returns to be made here. Particularly once the new link road and Transmission Gully is completed. Buy now and reap the upcoming rewards.

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Agent

Tony Cramond

Leaders Real Estate (1987) Ltd Licensed REA Act 2008

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

This property was photographed by

David Garratt

Wellington Central/North

ID#438560

Porirua

Porirua
Tender
proudly marketed by
Tony Cramond
Leaders Real Estate (1987) Ltd Licensed REA Act 2008
Tony
0274 485 301
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