512 Adelaide RoadBerhampore, Wellington 6023


RV $900,000 | Tender - Wed 21st November 3:00pm
ListingID: T17831

Investment Flats- First Time in Nearly 50 Years!

Tender Closes: Wed 21st November 3:00pm ,at Tommy's, 209 Victoria St, Te Aro, Wellington

House Area: 360m2Land Area: 271m2Property Type: HouseRV: $900,000
Property Details:

House - Berhampore Wellington

Here’s an opportunity to own a substantial and well located large block of investment flats with excellent cash flow and capital growth potential. With a preferred corner site, this 5 flat building is a rarity indeed. With plans available for strengthening and offering further refurbishment opportunity, astute investors know that this earthquake rating presents the rare chance to, in time, fully realise the potential of this investment. This property has a brilliant aspect to the sun and the large tenant base minimizes risk to prudent investors.

Features:

• Strategic location
• High profile improving area
• Excellent occupancy rates
• Strong tenancy history
• Currently returning $1360/ week
• Rental upside as is and assessed at $1715- $1935/ week
• Close to Berhampore village and on transport routes
• Parking for approx. 3 cars
• Engineering strengthening plans ready for resource consent
• Flexibility- investment, home & incomes, future development, cash flow etc
• 508 Adelaide Rd also currently available for sale which offers further opportunities

Seize this rare opportunity; it could be the opportunity of the year and perhaps your portfolio – don’t delay in viewing.

Tender closes 3pm, 21 November 2018 at Tommy’s Real Estate, 209 Victoria Street, Wellington

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Property Features
  • House
  • 8 bed
  • 5 bath
  • Land is 271 m²
  • Floor Area is 360 m²

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