6 Balfour Street, Mornington, Wellington 6021
Beat This- Investment Plus!
Sold - Mornington Wellington
Here is an ideally located, multi income property offering astute investors a wonderful opportunity on the CBD fringe. Owned by the same family for over 40 years and comprising of a 4 bedroom character home with a 2 bedroom income beneath and a separate block of 2x studio flats, this wonderful investment property offers solid construction ideal for investors.
Other features include:
• Strategic fringe CBD location near the Berhampore village
• Currently returning $1060/ week with huge rental upside
• Rental assessment circa $1840/ week
• All day sun
• Drive on access to off-street parking
• Fantastic capital growth location and on transport routes
• Great rental history with a large tenant base
• Lovely valley outlook
• Plenty of rental upside with some elbow grease- create your own equity!
This property is a proven performer with excellent occupancy rates. Here is an investment opportunity for any serious property investor or a great home and income option for those looking to get into a CBD fringe location and add their own value. Don’t delay- invest in your future!
LEGAL DESCRIPTION
Lot: 64 DP: DP3348 CT: WN396/84 Area(more or less): 1376 sqm 27.8 m2 car deck on road reserve (encroachment fee $528.50pa)Property Features
- 8 bed
- 4 bath
- Land is 1,376 sqm
- Floor Area is 200 sqm
- 3 Open Parking Spaces
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