As an investor, you don't get much better than a purpose built 2 flat rental property. Built in the 1970's, these two near identical one bedroom flats are light, sunny and very spacious. The open plan kitchen/ living/ dining room has windows on 3 sides to bring in the morning sun and the last of the evening sun. The apartments are well appointed for storage and each has an off street carpark on road reserve (currently unusable with out repair work). We have a rental assessment for the flats at $800 - $850 per week, so providing a fantastic return. So what's the twist? - The flats sit on 719m2 (approx.) of land with the current flats at the front of the property. It is the owners understanding that there is ample opportunity to further develop the land either on its own or in conjunction with the neighbouring property.
Tenders close at 12:00pm on 7 November 2019 at Just Paterson Real Estate, Level 1, 12 Jessie Street, Wellington.