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11 Mt Pleasant Road, Aro Valley, Wellington City

Smart Investment

dollar

Tender

House
Home & income
Bedroom
3
Bathroom
3
Floor area
120m2
Land area
374m2
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Tender

Thursday
1:00pm
12
Mar

Property details

Listing # KOR30765 | Listed on 30 January

This outstanding three-flat property is simply one of the best investment opportunities we've seen.

Perched on the sunny side of Aro Valley, with a peaceful green outlook, yet steps from the buzz of the city, is this superb three flat property.

Meticulously maintained and showcasing a new roof and gorgeous exterior paint job, it has been a sound rental property, attracting long standing, excellent tenants, and full occupancy throughout the year.

The three separate flats, each on their own level, are all Healthy Homes' compliant, with good heating, insulation and ventilation in place. Each dwelling has its own private access, bathroom, kitchen, laundry and living area. They are north facing with sun, lovely natural light, tranquil views, and neutral colour scheme throughout.

The top flat is a larger 1 bedroom rented for $500/week with a new bathroom

The middle 1 bedroom flat is rented for $425/week with new carpet

The bottom flat is a studio rented for $330/week

Returning $1,255 per week, all tenants have recently renewed 12 month fixed term tenancies until Feb 2027.

This is a rare and versatile opportunity - ideal for astute investors wanting to grow their portfolio. With low interest rates and property remaining a tangible, trusted asset, the long-term confidence in this investment is clear.

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Additional features

Water closet
3 Separate toilets

Schools and childcare in the area

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