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Your opportunity has arrived for you to take ownership of this tidy solid freehold block of 4 apartments. Huge upside to be had in a popular city fringe of Wellington . Comprising 2x 50 Sqm 2 bedroom apartments each with 18 Sqm garage. And 2x 30 Sqm one bedroom apartments each with 16 Sqm garage Each garage is remote access , with storage locker plus mezzanine storage as per title.
-Built late 1960s
-Solid construction , cube formation
-Each with heat pump
-Unit Titled ( Stratum in Freehold )
-Combined Gross Revenue $83,720 pa
-3 units currently leased, 1 vacant for sale purposes
-Recent external paint Job
-Combined RV $1,270,000
-Combined WCC rates $5,256.84
-Total insurance $5,043.96 pa
-Viable Airbnb option
Located on the fringe of city. Super quiet , and surrounded by your own 506 sqm of bush clad land and surrounds ,hosting a plethora of wood pigeon and other native birds. Just a stroll to Botanical gardens , main bus route , a pleasant 15 minute walk to the CBD. Likewise an easy stroll up the steps to Northland shops for stella selection of takeaway outlets.
Seller committed elsewhere and clearing all 4 apartments by way of public tender closing 21/2/19 2:00pm ( Will not be sold prior )
Open Homes :
Sunday 10th Feb (12- 1pm)
Wednesday 13th Feb (12- 1pm )
Sunday 17th Feb (12 - 1pm)
Wednesday Feb 20th (12 - 1pm )
Please contact Chris today for info pack , including LIM, 4X titles, and tender documentation.