30 Espin Crescent, Karori, Wellington

Karori - NZ's Best Investment??

******* This property is now SOLD ******

2 flat investment property or Home and Income

Amazing opportunity to purchase a true income producer that shows an excellent yield. Very well maintained, inside and out. A Smart investment.

Nestled on the opposite side of the Waiau Valley from Zealandia wildlife sanctuary, the location is idyllic with the tranquil sereneness and surrounding beauty of the bush, bird life and the bordering reserve.

A convenient location being less than a 15 minute walk from so many things including Victoria University, Kelburn Village, Marsden Village, Northland Village and Polhill reserve. Buses taking these three different routes are only minutes away.

Both dwellings have been rented out with ease over the years. The gross rental yield will be in excess of $65,000 this year. The property has a current RV of $780,000

The property:

Top Flat:
Four double bedrooms, 2 modern bathrooms both with shower, vanity, wc, heated towel rails, heaters, in very good condition. Spacious open plan kitchen/living.

Lower Flat:
Split over two stories, Another 4 double bedrooms and 2 modern bathrooms both with shower, vanity, wc, heated towel rails and heaters. Spacious kitchen/living.

Both these flats rent with ease and have an excellent rental history. This circa 1940s property is large (260sqm more or less), and very well maintained inside and out. The floor between top and lower dwelling has been designed and modified to constrain noise to an absolute minimum between the dwellings. With significant insulation, fire rated wall linings, new roof, and low maintenance cladding this property really ticks all the boxes.



Tenders Close
12pm, Tuesday 15 March 2016 (unless sold prior)
Level 6, The Bayleys Building, 36 Brandon Street
Wellington