11 Tully Street, Kilbirnie, Wellington, 6022, New Zealand
This unique property is a must view for those looking for a home-and-income opportunity, a landbank for future development or straight-out investment with a solid rental income in central Wellington.
The front house contains three decent sized double bedrooms. Great periodic tenants who would like to stay, and the current rent is $720 per week. The self-contained unit was recently rented at $365 per week. This property provides a whopping rental return of $56,420 per annum.
This property offers incredible convenience in a quiet street. Located in the heart of Kilbirnie, just a few minutes’ walk to the bustling village, with the swimming pool, library, Kilbirnie Rec centre, shops, and supermarkets. Also closely situated to ASB sports centre, stunning waterfront, handy to Lyall Bay and a quick commute to the city.
BONUS – With pre-approved Resource Consent there is the opportunity to develop the site zoned MDRA (medium density residential area) and construct two brand-new modern standalone homes. Additional dwellings could be achieved subject to council approval.
Whatever your plans may be, urgent action is encouraged. This is your opportunity to have it all, potential to add your own touch and further value.
