Kelburn

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60 Wilson Street

Wellington
9
3
N/A
300sqm
399sqm
60 Wilson Street Wellington
Openhome
Sunday
12.15pm - 12.45pm
Auction
Wednesday 27th October - 12:00PM
8 Kent Terrace, Wellington
proudly marketed by
Elise Boulieris
Lowe & Co Realty
MULTI-UNIT GEM IN TOP NEWTOWN STREET
For sale for the first time in nearly 50 years, this is a platinum opportunity for investors: Three three-bedroom flats with off-street parking and sunny outdoor living in sought-after Newtown. With the potential for home and income or work from home options - how amazing is this investment? The fact it hasn't changed hands since 1973 says it all. Do the sums and don't delay. Features include: - Substantial Edwardian villa, configured with one flat upstairs and two down, each with three double-bedrooms - North-facing for great sun plus views over Newtown from the top flat - Large living areas, heat pumps and two with bay windows - Off-street car park for each flat and communal flat lawn at the rear for outdoor living - amazing bonuses for an inner-city rental - Fantastic location for tenants because of proximity to hospitals, Massey University campuses, top bars and eateries, and the CBD - All flats are currently vacant allowing a new owner to control the quality from day one - The total potential estimated rent is assessed at $110,500 - $115,700 annually - Rateable Value $1,410,000^ (not indicative of market value) There is potential to capitalise on cosmetic improvements, but this represents a "once-in-multiple-generations" chance to own three cashflow streams from a quiet inner city multi flat property that will be the jewel in your portfolio's crown. (^Source: Property Guru) Tender closes 12pm, Wednesday 27th October 2021 at 8 Kent Terrace, Wellington (will not be sold prior) During the Alert Levels, Lowe & Co Realty will be practising safe workplace guidelines as issued by the REINZ.
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Wellington NZ
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