Tender Guide Upwards of $645,000
  • Bed Icon 2
  • Bath Icon 2
Land Area: 719m² approx
Floor Area: 100m² approx

INVESTMENT WITH A TWIST

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.

The carpeted lounges are spacious and sunny with views over the garden

1. The large double bedrooms both feature good size wardrobes and are private with views over the garden.

1. The top flat features bath over shower, vanity, toilet and laundry.
The bottom flat has a separate shower, bath, vanity, toilet and laundry. Gas - Infinity.

The kitchen/dining space are open plan with the lounge and are practical with plenty of storage space and stove.

Unusable at the moment there is off street parking for two cars.

Large storage cupboards in the hallway.

Ngaio School
Wellington Girls' College
Onslow College

Charles Morley-Hall
Charles Morley-Hall
Caroline Collison
Caroline Collison