Description

Here is your opportunity to secure a multi-income property close to Wellington city and Victoria University and generate CASH.

This property is located at the end of a private RoW so very quiet being so close to the city, and features 2x5 bedroom flats, .

Currently rented to Victoria university students until Feb 2026 there is always demand for these 2 flats from both university students and young city professionals.

Both flats consist of 5 bedrooms and 1 bathroom each and are both currently rented at $1,250 + $1,200per week.

This provides an annual gross rent of a healthy $127,400, and with interest rates likely to come down even more and full interest rate deductability from 1 April, the future looks bright.

Both flats are fully certified Healthy Home compliant. The heating is provided by way of a heatpump and a showerdome is installed in the bathrooms.

The purchase price is $1,595,000 for this substantial property in a prime location just off The Terrace, 10 minutes walk to the University or to Wellington city.

Contact Peter today for more information or too arrange a viewing.