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 road 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 + $ 1,200 per 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.
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.
Property ID: ISELL20091 |
11a and 11b Maurice Terrace, Te Aro, Wellington Wellington 6011
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