9 Flat Property With Multiple Options!
Make no mistake, this is a remarkably rare opportunity in one of Wellington's most sought-after locations. A Mt Victoria offering that must be one of the most attractive investment/development opportunities that we have seen in a very long time. An astute investor with vision and judgement can be the potential buyer. Will that be you? These nine flats have an amazing outlook over the city, positioned perfectly for all day sun and are only a short walk to the myriad of attractions that Wellington - The World's Greatest Little Capital City - has to offer! Comprising of nine fully furnished one bedroom studio apartments, all in particularly good condition with the added bonus of two garages and five carports with the option of creating two more off street carparks.
This is not an earthquake prone building according to WCC. The current owner with the admirable assistance of good tenants has kept maintenance and presentation to a high standard. With strong ongoing demand forecasted for inner city rentals and the options to redevelop, combined with this location, makes this an outstanding opportunity!
• Land area: approx. 372sqm
• Tenancies: on periodic lease agreements
• Total floor area; 440sqm approx.
• Fee Simple Title
Option to unit title individual apartments, redevelop, use it purely as investment, or run it as an Air BnB with short-term accommodation or could be used as social housing.
LIM and other property reports are available to those who have viewed the property. Buyer enquiry welcome from $3,675,000.00