28 Austin Street, Mount Victoria, Wellington, 6011, New Zealand

For sale for the first time in 20 years, this amazing investment opportunity combining 4 x 3-bedroom flats and a studio on a sunny site with the huge bonus of off-street parking for two cars. This is a rare chance to buy a cash cow investment in a prime location for tenants who want location. Features include:

– Immediate returns – current rentals are approx. $750 per week + $750 + vacant (was $750) + $550 + $405 = annual income $166,660!

– 4 x 3-bedroom flats and a studio that will appeal to a wide range of tenants, from students to professionals to couples

– Sitting tenants in three of the units, already there’s immediate cashflow for when you take over

– Potential to increase returns through cosmetic improvements to capitalise further

– Sought after Mount Victoria location, elevated for sun and views in one of Mount Victoria’s popular streets – attractive to tenants because of its proximity to downtown, the waterfront, and the walkways and cycle trails of the town belt

– Off-street parking for up to two cars in an inner-suburb where parking’s at a premium

– Unbeatable location for tenants who love to walk everywhere, from neighbourhood bars and eateries to everything iconic about city living, from Oriental Bay to the Basin Reserve to Courtenay Place

This high-yield configuration is one to add to the portfolio! Cash cows like this are seldom for sale, especially in this location!