Investment Dream, multi income 'as is, where is'

596 Pages Road, Bexley

Asking Price NZD $180,000

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Investment Dream, multi income 'as is, where is' | 596 Pages Road, Bexley | 556432 |      X Close

Investment Dream, multi income 'as is, where is'

Asking Price $180,000

This 'as is, where is' 564sqm property offers the savvy investor the possibility of multiple incomes and the potential of a high and unheard of 13% plus return.

There are two self-contained flats totalling 144sqm, a one bedroom and a two bedroom joined by their own single garage. They are currently tenanted at $200 and $300 per week with one fixed term and one periodic tenancy. These good tenants are happy and would like to stay.

A lot of the earthquake damage has been fixed to allow the block to be occupied and function well. The vendors have also made many upgrades since the quakes to ensure these flats are at a reasonable standard to be tenanted. These upgrades include a new roof, hot water cylinder and sewer upgrades (invoices available) plus some re painting and many more minor improvements.

This block is located close to the Bexley park for recreation and Anzac Drive to enable swift commuting around the city. Your lucky tenants are also walking distance from the Avon River and its red zone area. Any future development here can only improve the desirability of this area and your investment.

This property has an RV of $320,000, what level do you want to make your offer at?

Please note this property has no insurance and all EQC and insurance pay-outs and claims will not be transferred to the new owner. This may restrict your financing ability as banks don't look favourably at as is where is properties.

Please contact Angela Webb or Katya Young for more information or to arrange a viewing.

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596 Pages Road, Bexley

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