39 Adams Terrace, Te Aro, Wellington

Investment with Potential

Welcome to 39 Adams Terrace, Aro Valley, Wellington where location and rental return go hand in hand. Less than a few minutes' walk to Victoria University, Kelburn Campus and also to Aro Valley village shops with cafe and boutique shopping and also into central Wellington.

This property comprises of two independent flats, three bedrooms upstairs and one downstairs.

The current tenants are on fixed tenancy until 2020.

The current rental income is over 50k a year based on $1010.00 a week.

You do the figures and make an offer. Price by Negotiation.

Upstairs Flat:

• 3 double bedrooms
• 1 bathroom
• Kitchen and open plan living
• $625.00 a week

Downstairs Flat:

• 1 bedroom
• 1 bathroom
• Kitchen and open plan living
• $385.00 a week

Further information:

• Built in 1920's, sunny, spacious, character
• Total house size 120m² approx
• Land size is 529m² (potential of further development at top, check with WCC)
• Rates: $3875.33