With a strong cashflow of over $213,000 per annum and future upside potential, 34 Upland Road presents a compelling opportunity to secure a fully leased rental investment in one of Wellington's most tightly held rental locations.
Comprising six self-contained flats with 18 established tenancies, the property is positioned just two minutes from Victoria University of Wellington, the Wellington Cable Car and the Wellington CBD, this property supports strong and consistent tenant demand and proven occupancy.
Substantial investment has been made throughout the property to ensure the property is up to date with repairs and requirement maintenance. With a recent revaluation of the properties GV at $2,800,000 the current vendors are ready to pass on the solid and consistent income onto the next astute investor or consider a home and income package.
The property is now available for sale with a Buyer Enquiry Over $2,450,000 (including GST)
Investment Highlights
- Fully leased residential investment all with fixed term tenancies.
- Six units | 18 tenancies
- Gross income $213,460 per annum.
- Seismically upgraded 2013-2025
- Healthy Homes compliant
- Prime Wellington location
Further information including LIM, tenancy agreements and seismic reports available at www.propertyfiles.co.nz/property/34uplandroad
