20 Saint Michaels Crescent, Kelburn, Wellington 6012
Trump This - Investment Plus!
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.
Features:
• Strategic fringe CBD location
• High profile and desirable area
• Comprising:
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.
LEGAL DESCRIPTION
Lot: Part Lot 1 DP: 9123 CT: WN7B/372 Area(more or less): 703 sqmProperty Features
- 16 bed
- 6 bath
- Land is 703 sqm
- Floor Area is 460 sqm
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