70 Melbourne Road, Island Bay, Wellington 6023
Home & Income - Superb Investment
House Sold - Island Bay Wellington
Presented to the market for the first time in 35 years this is your opportunity to have a lovely home with income to offset the mortgage, or simply enjoy the proceeds of an excellent return on the 3 income streams that come with this property. Situated in popular Melbourne Rd the views over the suburb and beyond can be enjoyed from every level.
The 4 bedroom home is fully refurbished internally and offers a brand new kitchen and bathroom. Downstairs you will find the 2 bedroom and one bedroom flats, both presented in tidy condition, but giving you the opportunity to renovate and reap the rewards.
A garage and off street parking is a bonus while the close proximity to the village and public transport makes this premium property very appealing.
Currently tenanted and returning $720 per week on the 2 flats, a recent rental appraisal is available and shows the return on the whole property as being $1,550-$1,700 per week.
This sort of temptation does not arise very often. Do not delay, call today for your appointment to view.
LEGAL DESCRIPTION
Estate: Fee Simple Lot: 2 DP: 8257 CT: WN373/252 Area(more or less): 531 squareMeterProperty Features
- House
- 7 bed
- 3 bath
- Land is 531 m²
- Garage
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