Sold - Kelburn Wellington
Here’s an opportunity to own a substantial and well-presented multi-unit complex with excellent cash flow and situated in a high capital growth area. This tightly held and iconic art deco property has a fantastic Kelburn location with a brilliant aspect to the sun. The large tenant base minimizes risk to prudent investors.
• Strategic fringe CBD location
• High profile and desirable area
2 x 4 bedroom apartments
1 x 3 bedroom apartment
2 x 2 bedroom apartments
1 x studio apartment
• Excellent occupancy rates
• Good access
• Close to the Kelburn village and transport
• Currently returning circa $201,500 pa
• Currently assessed circa $205,000 pa
• Earthquake strengthening to 67% of current NBS
• Current owner of 20 years has consistently upgraded and maintained this property
Here is a blue-chip investment opportunity for any serious property investor. This property is a proven performer with excellent occupancy rates, so don’t delay – invest in your future.