97 Pirie Street, Mount Vicvtoria
To be sold by tender (Wednesday 04 March 2020)
Money-Making Investment – 13%++ Return (at RV)
Location is everything and there is none better than this, especially for rental accommodation. Tightly held for decades, this unbelievably profitable investment returning just over $100,000 per annum, is now available for you to secure.
Currently utilised as a highly lucrative boarding house with 10 bedrooms that are always sought after. Some tenants have stayed for more than 10 years. Owing to the dire shortage of affordable rentals in Wellington, the demand for this style of accommodation is increasing rapidly.
Offering a host of options: retaining as a blue chip investment; reconfiguring the layout & rooms; rejuvenating as a huge home, where you may wish to retain the external units as either offices or income; plus, numerous other options.
The astute investor will realise there is also plenty of room for further rental increase combined with extraordinary capital gains. Admittedly, it is a little tired and would certainly respond to some upgrading. So come along and inspect it; spruce it up and watch even more cash flow in.
An exceptional opportunity not to be repeated.
Viewing is strictly by appointment. Arrange yours now.
Enquire about this Property
027 448 5301
+64 4 499 0699