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Picton

6 and 6A Cornwall Street, Picton, Marlborough

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1,012sqmย Land area SQM
3ย Bedrooms
2ย Lounges
2ย Bathrooms
4ย Offstreet

Double the opportunity


Introducing a remarkable investment opportunity in a prime location! This property features not just one, but two dwellings, situated on a generous level 1,012 sqm freehold section. With a potential income ranging from $650 to $700, this is an investor's dream come true!
The front two-bedroom flat has a floor area of 70sqm, offering comfortable living spaces including a large living/family room, kitchen, bathroom, and a separate laundry. Simplistically renovated throughout, this home has been double glazed and re-roofed and insulated. The log burner ensures the home is kept warm in those colder months.
At the rear of the property, you'll find a one-bedroom flat with an open-plan kitchen and living area with a log burner. This unique space includes a converted garage, thoughtfully designed as a home business space, complete with French doors opening out to the driveway. Additionally, there is an unconsented greenhouse, perfect for cultivating your green thumb.
Both dwellings have been issued with a Healthy Homes certificate, guaranteeing the utmost comfort and well-being for the tenants. Speaking of tenants, the rear flat comes with the added benefit of a reliable and long-term tenant, providing a guaranteed future income stream.
Outside, the section offers an abundance of delights for nature enthusiasts. Explore a variety of vegetable gardens and enjoy the bountiful harvest from the numerous fruit and citrus trees. The location is also a standout feature, with proximity to Picton primary school, Picton town centre, and ferry terminals, ensuring convenience and easy access to amenities.
Don't miss out on this exceptional investment opportunity. Whether you're looking to expand your portfolio or secure a profitable venture, this property ticks all the boxes. Act now and seize the potential that awaits you!

Asking Price NZ$499,000
Rodger Jones

Rodger Jones

Residential, Apartment and Waterfront Sales

Be Marlborough Ltd, Bayleys,
Licensed under the REA Act 2008
Emily Bradbury

Emily Bradbury

Residential, Waterfront and Apartment Sales

Be Marlborough Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Investment


The rear flat is currently tenanted and can stay on for guaranteed future income. The front flat is currently empty which can be utilized as potential income or main residence.

Legal description


The property is free hold, with one title and two dwellings. Great opportunity for future development.

Section


The property is on a level section with fruit and citrus trees, plenty of veggies gardens and is fully fenced.

Dwelling details


The property sits on a large section with two dwellings, one two-bedroom flat at the front and a single-bedroom flat at the back. There is a healthy homes certificate on both dwellings.