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ID#514367

Mt Cook

Wellington Central
PBN
11
1
Approx
230
(≈2,475.7 sq.ft.)
Approx
264
(≈2,841.67 sq.ft.)

Boarding House Investment

First time on the market in 20 years, here is testament to a very successful and easily managed cashflow investment. Tenants are stable and usually long term. Thompson Street is well known as a "blue chip" rental area within walking distance of all city amenities. Current rental return $1850 per week - interest on a mortgage may be able to be claimed along with repairs, maintenance and depreciation. A percentage of GST is incurred on rents received. Here is a rare opportunity to add to your property portfolio or take your first step on the property ladder.
RV $800,000. Rates $3696 per annum. Floor area 230sqm.

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Agents

Lisa Durrant

Team Wellington Ltd MREINZ

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

Lisa Durrant has been involved in property for more than 25 years, so knows what it means to be a buyer, a seller, property investor and developer both in the city and rural areas. This experience is backed by many years working for award-winning newspapers writing and editing features, including lifestyle and property publications. She has also owned her own communications business and, along with her late husband, a number of well-known Wellington restaurants. Since relocating back to her home town of Wellington six years ago, Lisa has enjoyed a successful career in real estate residential sales

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Jim Stuck

Team Wellington Ltd MREINZ

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

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David Garratt

Wellington Central/North

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