Listed: Thu, 12 Mar

Better than the bank?

102 Martin Street, Wallaceville, Upper Hutt, Wellington

Price by negotiation

6+ Beds
6+ Baths
6+ Living areas
1012m² Land

Other Features

6+ Off-street parking

Attribute	Value
Property type	Unit
Capital value (CV)	$2,120,000
Parking	8 off street carparks
Agency reference	3289793
Broadband in the area	ADSL, Satellite, VDSL, Wireless

An exceptional and rarely available opportunity to secure eight two-bedroom flats on a single title, sitting on 1012sqm (more or less) and configured as two, well-maintained, blocks of four.

Returning in excess of $200,000 per annum, this proven investment offers strong, consistent income backed by an excellent occupancy history. Presented in good condition and currently under professional management, this is a true set-and-forget asset.

Ideally positioned within walking distance to the city centre and public transport links, the property is highly attractive to tenants. Ample on-site parking further enhances its appeal and supports ongoing demand.

Caringly owned by the same family for over 50 years, this tightly held investment is now offered to the market, providing:

*Strong and reliable cash flow *Solid capital growth potential *Possible development upside (subject to council approval) *Ease of management with established systems in place

Opportunities of this scale, return, and configuration are seldom available.

For further information and documentation, contact Stephen or Grant today.

To register your interest, plus access supplementary documents, please copy and paste the following link into your internet browser: https://www.propertyfiles.co.nz/3289793

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Property Files

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