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ID#304048

Highbury

Wellington West
Tender
6
4
2
220
(2,368.06 sq.ft.)
471
(5,069.8 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
Adam
+64 (0)21 409 637
Message Me

SUPER SIXTIES CA$H MACHINE: $1,165pw RENT!

Are you looking for a high income investment, with two income streams, in a hugely popular rental location, built from time tested construction methods and materials?

A seasoned investor understands the keys to finding a GREAT investment property...
* LOCATION, LOCATION, LOCATION: I know it's been said before, but that's because it is TRUE! You want a property in a location where tenant demand is huge. You want tenants falling over themselves and fighting with each other when the property becomes available. Being so close to the university, Kelburn village, Aro St and the city, you are onto a winner here.
* SOLID CONSTRUCTION: good old fashioned kiwi timber and iron. Nothing fancy here. But very reliable. The 1960s was a great era in construction.
* STRONG INCOME: when it comes down to it, it's the cashflow that actually pays the bills every month. So the income needs to be strong and reliable. With current income of over $60,000pa, 7 Ninian St sure pays the bills.
* WELL MAINTAINED: you don't want a mountain of deferred maintenance costs eating up your cashflow for years to come. This beauty has been well cared for, including new roof, full repaint, new butynol and balustrading to deck, and more.
* FEE SIMPLE: ideally you want to own the land outright, so you have total control. These types of properties tend to increase in value better than other types of real estate.

7 Ninian St really does tick these boxes, producing a highly sought after "winning formula" for investors.

MAIN HOUSE (rented for $875pw until early 2014):
* 5 generous bedrooms with good storage
* 3 bathrooms (inc ensuite)
* large separate laundry
* very spacious open plan kitchen / dining / living
* big deck off the living room
* good sun and great city / sea views
* private landscaped courtyard
* partly double glazed
* heat pump

SELF CONTAINED FLAT (under-rented for $290pw until early 2014):
* very generous 1-bedroom flat
* open plan kitchen / living
* heat pump

Phil & Lin bought this property because their daughter Laura was attending university in Wellington. It was spacious, sunny, private and dry... unlike most places Laura saw when she was out looking for a flat to rent! But home is in the Hawke's Bay, and Laura has finished her studies, so this awesome goldmine is now surplus to requirements.

Contact me (Adam) today, come and check it out for yourself, and take control of your future today. Phil & Lin have looked after it beautifully... now it's your turn to have it look after you!

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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

Media Specialist

Wellington Central/North

ID#304048

Highbury

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

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