Description
Here is your opportunity to secure a multi-income property close to Wellington city and Victoria University and generate CASH.
This property is located at the end of a private RoW so very quiet being so close to the city, and features 2x5 bedroom flats, .
Currently rented to Victoria university students until Feb 2026 there is always demand for these 2 flats from both university students and young city professionals.
Both flats consist of 5 bedrooms and 1 bathroom each and are both currently rented at $1,250 + $1,200per week.
This provides an annual gross rent of a healthy $127,400, and with lowering interest rates and full interest deductibility, the future looks bright.
Both flats are fully certified Healthy Home compliant. The heating is provided by way of a heatpump and a showerdome is installed in the bathrooms.
The indicated price of $1,345,000 for this substantial property in a prime location just off The Terrace is great value; 10 minutes walk to the University or to Wellington city.
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The property is for sale by deadline, with all offers to be presented by 4:30pm on Wednesday May 7th. Vendor will consider offers prior.
LIM and HH Certificate available. The vendor has requested a building inspection and will make the report available to prospective purchasers. Please contact the agent for details.
Contact Peter today for more information or to arrange a viewing.