Split Risk, 3 flat Property with high income, situated in the blue-chip area of Kelburn close to Victoria University, the CBD, and shops. 8.5% Gross Yield on purchase price.

Situated in the Blue-chip area of Kelburn you will find this well presented three flat property, fully tenanted and returning a massive $2,225p/w or $$115,700p/a.

The lower flat has 2 bedrooms. The middle flat has 5-bedrooms, and the very top flat is a large bedsit.

Included in the overall rent is a separate 1 car garage at $50pw.

All flats are Healthy Homes compliant, and rented through to early 2027, reducing any vacancy risk. 

Highlights include:

• Prime location just up from the Wellington Botanical Gardens.

• Elevated west facing for maximum sun.

• Potential to add value (concept plans available).

• 3 separate tenancies on fixed term leases until early 2027.

• All healthy homes compliant.

• Rates $8,895.04. 

At the asking price of $1,360,000 you will get 8.5% Gross yield and producing cash flow from day one.

To get more information or arrange a visit, contact Peter today