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Tommy's Real Estate Limited, (Licensed: REAA 2008)
John Kettle John Kettle

64 Kelburn Parade, Kelburn

Enquiries over $1,875,000

Listing Description

Listed: Thu, 19 Oct

KELBURN INVESTMENT PROPERTY

64 Kelburn Parade, Kelburn, Wellington, Wellington

Enquiries over $1,875,000

Details

  •   6+ Beds
  •   2 Baths
  •   180m² Floor
  •   422m² Land
Other Features
  •   1 Garage parking
AttributeValue
Property type
House
Capital value (CV)
$1,970,000
Parking
1 garage spaces
Agency reference
T23581
Broadband in the area Fibre, ADSL, Cable, VDSL, Wireless

Description

BEO $1,895,000

LOCATION / INCOME / UPSIDE / DEVELOPMENT POTENTIAL

This 1900s "Student Flat" makes for an excellent investment opportunity. Perfectly located directly across the street from the Victoria University Kelburn campus, and loads of extra land to expand, or re-develop. Rental appraisal puts income at $1,600-$1,800 / week.

However what makes this property an excellent investment option is its development potential. Significantly the vendors have consent-able "Bulk and Location for Development " plans available that show options to add two 3 bedroom houses to the front section, or demolish the existing dwelling and build three 3 bedroom free standing houses.

And then there is the third option to leave the property as it is, as it still presents an ideal option for parents looking for a smart financial solution for their university student children's accommodation needs (with development potential).

Property Values: 1900's 2 storey villa - 180 sqm. 6 bedroom / 2 bathroom. 422 sqm section. Immediate proximity to Victoria University Kelburn campus. Also includes garage and car park on road reserve. Architects plans also available.

Info pack includes - LIM report, Builders Report, Title, Rental appraisal, Architects "Bulk and Location for Development" plans.

Currently tenanted.

Talking points:

  • great student accommodation option as is
  • proximity to university
  • development options / potential
  • site is Outer Residential (can re-develop by adding a further property)
  • the consent-able footprint allowing 3 dwellings on the site
  • 422 sqm section
  • value for money (RV $1,970,000)

AVAILABLE FOR IMMEDIATE PURCHASE.

Call now for Info Pack, and to arrange a viewing.

Contact: John Kettle MB: 027 443 1355 / EM: mailto:jkettle@tommys.co.nz


Open home times

No times scheduled

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Tommy's Real Estate Limited, (Licensed: REAA 2008)
John Kettle

John Kettle

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John Kettle

John Kettle

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