41 McParland Street, Ebdentown, Upper Hutt

Boarding House - Central Upper Hutt

Opportunity and potential, two words often used in life but when you consider 41 McParland Street Ebdentown, Upper Hutt this property gives you both.

Immediate return on investment and while current return is between 8 and 9% there is potential to increase as there is certainly some work that could be done on this 18 bedroom property to increase its occupancy and therefore return.

Whether you continue as a boarding home, convert into two or even three independent units (council requirements would need to be considered) or just have as a very large family home the options with location and space are certainly there.

Occupancy currently fluctuates between 50 and 70% and average room is $150.00 a week. You do your sums and then contact Team Ledger to view as viewings are by appointment only.
GV: $630,000

Additional Information:

- Over 300sqm solid build weather board with mostly aluminium glazing
- Walking distance to Upper Hutt CBD and Cossie Club
- Easy access to SH2
- Rooms are mostly single, some family double
- Shared kitchen and lounge with additional conservatory and patio out back
- 2 bathrooms with additional toilets