STUNNING MT VICTORIA INVESTMENT $60k PA INCOME

EARN 7.25% YIELD ON A FREE-STANDING, TURN OF THE CENTURY CHARACTER VILLA, IN THE MOST CONVENIENT MT VICTORIA LOCATION. NEWLY RENOVATED, GOOD TENANTS IN SITU, NW FACING COURTYARD... THIS PROPERTY HAS IT ALL FOR INVESTORS.

This is a piece of Wellington history!

Full of character, in excellent order throughout, with professional tenants paying $1,150pw on a 12-month tenancy ($59,800pa), this grand old lady is looking for a new owner - she could be yours! She has been standing since before 1900, and has observed the changing times as our beautiful capital city has grown up around her.

Everyone knows that real estate is all about location. Well this must be about as good as you can get. A literal stone's throw from Courtenay Place, and easy walking distance to all the central city facilities... shopping, parks, the museum & waterfront, as well as the CBD for jobs, demand from tenants will always be huge, ensuring maximum rental income and minimum vacancy. All experienced investors know that this is the key to building a profitable portfolio that doesn't demand high management time and cost.

At the same time, we all love a good dose of character. Again this one comes up trumps. A classic square bay villa, we have all the trappings here... high stud, double hung sash windows, extra wide frontage, cute entrance path.

The house boasts six bedrooms, two bathrooms, open plan living, north-west facing courtyard, infinity hot water, modern kitchen and a new heat pump. All you need to do is buy it and forget it, safe in the knowledge that renting it quickly, for top dollar, will never be an issue.

There is even an approved building consent to add an additional room in the attic space, which can be used as a 7th bedroom, study, or sun trap! So there is upside for you to implement also, for more cashflow and equity!

* Address: 9 Roxburgh St, Mt Victoria.
* Legal Description: Lot 1 DP 974.
* Land Area: 124sqm more or less.
* Floor Area: 130sqm more or less.
* Bedrooms: 6 - all similar sizes, ideal for an investment property.
* Bathrooms: 2 - one with bath and separate shower, one with shower only.
* Heating: New heat pump.
* Floor Coverings: New carpets, new vinyl, polished timber.
* Parking: Residents' parking on street.
* RV (2009): $570,000
* Rates: $2,525.44pa
* Construction: Timber weatherboard, timber joinery, iron roof.
* Rental Income: $1,150pw
* Bond: $4,600
* Tenancy: 12 months fixed term from 29th Jan 2010
* Management: Managed by Full House Management
* Tenant Details: Mixed M/F, mainly professionals.

All renovated, great cashflow, character, the best location and upside... this all adds up to a rare piece of real estate.

Contact Adam and make it yours today!

Viewings by appointment only.

FULL INFORMATION REPORT AVAILABLE ON REQUEST.