Deceased Estate - Huge Potential!


178 Mt Wellington Highway, Mt Wellington

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Deceased Estate - Huge Potential! | 178 Mt Wellington Highway, Mt Wellington | 1750846 |      X Close
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Deceased Estate - Huge Potential!


Looking for a suitable investment? This feature packed, 3 unit property may well be the one...

Built in the 1960's, with concrete block and brick construction along with recently replaced roofs, this property presents a rock solid, peace of mind investment. With three separate legal tenancies' there are so many options for flexible ownership;

- Home and income - Live in the one of the dwellings and rent the two remaining units out, with strong rental return you can reduce your mortgage payments

- In zone for the sought after One Tree Hill College School

- Purchase and hold - there is nothing to do and with current market rents in the area represent a solid yield/rental return (rental appraisal available)

- Purchase and renovate - Maximise your investment. Loads of potential in all three dwellings to add value to your portfolio and cash flow

- Develop - under the proposed unitary plan (which becomes operative August 19th 2016) this property is zoned for Townhouse and Apartment development (subject to Auckland City Council consent). With the property being situated on a corner site with no neighbours on three sides this property is perfect for redevelopment

Throw in the location - Sylvia Park, trains, motorways minutes away and you have a fantastic opportunity to purchase a flexible, well rounded investment.

This property will be sold - call Ross or Wei today

Property size: 299sqm (more or less)

Land size: 817sqm (more or less)

CV: NA18C/1313

Rates: $4,246.15

VIEW Sat/Sun 1-1.30pm

AUCTION 2pm, Wed 10 Aug 2016, 4 Viaduct Harbour Ave, Auckland (unless sold prior)

Wei Wei Elder

Remuera

Licensed under the REA Act 2008

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178 Mt Wellington Highway, Mt Wellington

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Wei Wei Elder

Remuera

Licensed under the REA Act 2008

View profile