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Substantial Investment Opportunity

Petone, 17 Britannia Street

Tender 05 Feb 2019 Unless Sold Prior

Listing Number: WL10589
About this listing
The vendors of this block of 27 studio flats in a prime Petone location are seriously offering this tightly held investment property to the market. Opportunities like this are few and far between.
On offer is approximately 1729m2 of level site with a three-level building housing 27 studio flats. Each flat has an assigned carpark. Located a minute's walk from Jackson Street, this is a highly desirable rental location, with transport, shops and cafes all literally on the doorstep.
This substantial property features:
* 27 studio flats with carparks
* Separate freestanding maintenance storage building
* Gross income of approximately $295,000
* Following refurbishment, potential income of $337,500
* Further development possibility by splitting into individual unit titles for resale
* Investment syndication?
Contact Lisa and Jim today for further information.

TENDER: Closes Tuesday 5 February 2019, at 12.00pm, Harcourts Wellington City Office. (unless sold prior).

Tender date
Tuesday 5 Feb 12:00 p.m.
Unless Sold Prior
Property Information
  • Approx Floor Area: 810 sqm
  • Land Size: 1729 sqm
  • Tenure: Fee Simple
  • Parking: Carparks: 27, Uncovered: 27
  • Property Type: Other (Residential Investment)

Contact Details

Property Location

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