Description
Split Risk, 3 flat Property with high income, situated in the blue-chip area of Kelburn close to Victoria University, the CBD, and shops. 8.5% Gross Yield on purchase price.
Situated in the Blue-chip area of Kelburn you will find this well presented three flat property, fully tenanted and returning a massive $2,225p/w or $$115,700p/a.
The lower flat has 2 bedrooms. The middle flat has 5 bedrooms and the very top flat is a large bedsit.
Included in the overall rent is a separate 1 car garage at $50pw.
All flats are Healthy Homes compliant, and rented through to early 2027, reducing any vacancy risk.
Highlights include:
- Prime location just up from the Wellington Botanical Gardens.
- Elevated west facing for maximum sun.
- Potential to add value (concept plans available).
- 3 separate tenancies on fixed term leases until early 2027.
- All healthy homes compliant.
- Rates $8,895.04.
At the asking price of $1,360,000 you will get 8.5% Gross yield and producing cash flow from day 1.
To get more information or arrange a visit, contact Peter today