Prime Thorndon Investment

  • Property Type:
  • Beds: 8
  • Baths: 8
  • Floor Space (M²): 340
  • Lot Size (M²): 527
  • Rates: $5562.91 pa.
  • Ref #: 52271

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Thorndon, Wellington

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Eight unit property

Are you looking for a better return on your money? Look no further. I have just the investment gem for you. Situated in a prime Thorndon location this multi-flat property is waiting for a discerning buyer. Located off the main road in an attractive residential cul-de-sac, it has two street frontages and sits on an established 527sqm elevated site offering a pleasant outlook and impressive street appeal. And, unlike many Wellington properties, it has a garage and off street parking for several vehicles. Built circa 1910, this diamond in the rough is waiting to be polished up. Well located for tenants, it is close to cafes, restaurants, New World, Parliament and the CBD.
The eight one bedroom units come in a variety of sizes with the floor plans differing in position, configuration and quality. It currently returns $85,064.29 per annum and has a RV of $1,050,000. If you are an astute investor who is looking to grow your portfolio, the opportunity to make it sparkle will definitely pay off.
Viewing is by appointment only but this gem won’t be around for long.
Call me now for a viewing.
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Rateable Value:$1.050,000
Year Built:1910-19
Floor size (m2):340
Lot size (m2):527
Rates:$5562.91 pa.
Legal DescriptionLOT 2 DP 2208 - 32.9 M2 GARAGE & LANDON ROAD RESERVE
Rent:$85,064.29 pa.
Access:Drive/Walk on

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