Four Flat Property With Gross Income $118,040

- Houghton Bay Wellington

Welcome to 81 View Road, Houghton Bay – “Where Big Income Meets Potential”

Either enjoy the income or look to develop further to make the most out of the sensational views!

Property Overview:

• Four self-contained flats
• 2 x Two bedroom
• 1 x Three bedroom
• 1 x One Bedroom
• Two garages and off-street parking
• Home with multiple incomes, or connect units for a larger home + income
• Redevelopment site with options to build on front of the property also
• Or simply hold for the capital gains

The Numbers!

• Generous rental income of $2,270 per week
• Current Insurance premium $2,783 per year
• Current WCC rates $6,261 per year
• Unparalleled panoramic views across Lyall Bay
• Potential leaseback option available from the vendor at $142,500 per year with rent adjustments

Investment Highlights:

• High Rental Yield: This property offers an exceptional rental income of $2,270 per week, providing you with a steady and lucrative source of income.
• Versatile Four-Flat Layout: Each of the four self-contained flats ensures privacy for tenants, making it an attractive proposition for both long-term residents and short-term rentals.
• Stunning Views: The panoramic views of Lyall Bay from this property are absolutely breathtaking. Whether you’re an investor or developer these views work perfectly for renting or building new homes.
• Spacious Garages: The inclusion of two garages provides ample parking space for tenants or storage for personal use.
• Ample Space: With a generous property size of 290 sqm and a sizable land area of 550 sqm, this property has the potential for further development to enhance its value.

LIM and Title available, get in touch today to arrange a viewing, no open homes.