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ID#317139
Hataitai
Wellington East
Tender
6
2
Approx
170m²
(≈1,829.86 sq.ft.)
Approx
1,042m²
(≈11,215.98 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
INVESTORS: Hataitai Home & Income - RV $425,000
Opportunity is knocking LOUDLY here!
This solid home & income is positioned for great views and located in a very popular rental location.
For Sale by TENDER - IF NOT SOLD PRIOR.
Currently under-rented (rental appraisal available), this property presents the opportunity to add significant value from cosmetic improvements, and increase the return considerably.
UPSTAIRS FLAT:
* 4-bed 1-bath (3 very generous doubles, 1 smaller double)
* Large eat-in kitchen
* Separate lounge
* Panel heaters in all bedrooms
* Insulated ceiling & floor
* Gas heating in the lounge
* Currently rented for $500pw (periodic)
* Market rent $580-600pw (appraisal available)
DOWNSTAIRS FLAT
* 2 bedrooms (1 double, 1 single)
* 1 bathroom
* Large open plan kitchen / dining / lounge
* Gas heater in lounge (untested)
* Heat pump (not connected and never used)
* Insulated ceiling and floor
* Currently rented for $300pw (periodic)
* Market rent $310-320pw (appraisal available)
My vendor's instructions are clear: although he has owned this property for 17 years, a change in personal circumstance means HE NEEDS IT SOLD NOW.
With a market rent of $890-920pw (as is), or potentially more with some simple cosmetic improvements, the opportunity exists here to own a traditionally constructed, weatherboard & iron investment property, in a good rental location, with a very strong yield / return indeed.
TENDER details (if not sold prior):
* 2:00pm, Thursday 12 June 2014
* At Century 21, Lev7, 32-34 Kent Tce, Wellington
Contact me (Adam) today for more information, or come to an open home. View quickly to avoid disappointment. Traditional & solid properties, in these locations and with potential for this much rental income, do not present themselves often. Opportunity knocks!
Keywords
Property Type
- Investment
- Character
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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