Description
Real Value Add Opportunity Here!
My vendor has moved to Australia so can’t complete her dream project. This means you can and then reap the rewards.
Currently sitting proudly on a large 855m2 section, is a 5 bedroom property returning $720per week until 24th October 2025. This property is just off the main road in Stokes Valley, Hutt City.
There is a strong holding income while you develop your next plan to utilise the site. My vendor has 2 concept plans for either a 2-house (new or relocatable) or 3-house development. With new development rules, you may be able to get even more.
Plenty of time to plan as the current gross rental yield at 6.3% should cover most (or all) of your holding costs.
Contact Peter today for more information and to organise a private viewing.