Address

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Contact Tony 

34 Cornwall Crescent, Porirua

Rateable Value

Price

Bedrooms

Bathrooms

Floor Area

Land Area

$500,000

To be sold by tender (closes on 6 December)

6 or more

4

200 sqm

1889 sqm

4 Unit Cash Printing Press & Additional Land

 

For almost 15 years the current owners have tightly held onto this very lucrative investment property showing a steady income stream. Now you have the opportunity to take over, add your own touches and create even higher returns and cashflow 
$ - 4 spacious units, each with 3 bedrooms a separate lounge, open plan kitchen & dining plus access to the rear yard. 
$ - Plenty of drive on parking straight outside every unit. 
$ - Excellent location with everything your tenant needs close by - shops, schools, buses & trains & easy access to the new upgraded motorway. 
$ - Some insulation upgrading undertaken 
$ - Current rents are well below market, and a with some upgrading they could be increased even further.  
$ - Typically, the tenants are long term and the units are always in demand. 
$ - With a massive, virtually flat 1,889 sqm section, there's plenty of room for further development. 
As the rental market tightens even further and tenants move out of the city in search of more affordable accommodation, there's potential for huge returns to be made here. Particularly once the new link road and Transmission Gully is completed. Buy now and reap the upcoming rewards.

Enquire about this Property

Tony Cramond
 

 027 448 5301
+64 4 499 0699
tony@tonycramond.co.nz