Listed: Fri, 24 Sep

INVEST OR DEVELOP IN KARORI

62 Old Karori Road, Karori, Wellington, Wellington

To be sold by tender (closes on 21 Oct)

2419m² Land

Attribute	Value
Property type	Section
Agency reference	NZL67016312

62 Old Karori Road, Karori is a large residential property on one title. The property is made up of 10 one bedroom apartments spread over two floors each. Each are designed the same with ground floor kitchen, bathroom and living areas, while the bedrooms, study and storage area are upstairs. Each unit comes with one car park and three of them have individual garages on site. The units have been recently refurbished to a very high standard including:

New double glazed windows and doors
New plumbing and wiring
Insulation which exceeds the current rental requirements
New kitchens and bathrooms with all new appliances and infinity hot water systems for each unit
The exterior has been reclad where necessary and repainted

The property has further add value opportunities with existing vacant land providing for further apartment development and potential to unit title and sell the existing units as individual owner/occupied or rental investments.

For further information please contact one of the nominated brokers.

Alistair Robertson 021 418 647 alistair.robertson@colliers.com

Hamish Templeton 029 127 0018 hamish.templeton@colliers.com

Features:

Sought after school zoning area
Net income of $225,000 (estimated)
First class location
Great income stream with further upside
Future development potential
Close to public transport
City end of Karori
Private setting, elevated from Old Karori Road
Recently refurbished
Off street car parking

Open home times

No times scheduled

Property Files

Discover more about this property.

Request the files from Alistair.

These property files are supplied by the agent and Trade Me Limited has no responsibility for the completeness or accuracy of the property files

Local Schools

IN ZONE Karori Normal School
Donald Street
1 km
Full Primary (Primary & Intermediate), State, 612 enrolled
IN ZONE Wellington Girls' College
18 Pipitea Street
2.4 km
Secondary (Year 9-13) (Secondary), State, 1436 enrolled
IN ZONE Wellington High School And Com Ed Centre
Taranaki Street
3 km
Secondary (Year 9-13) (Secondary), State, 1679 enrolled

IN ZONE Wellington College
Dufferin Street
3.6 km
Secondary (Year 9-13) (Secondary), State, 1940 enrolled
IN ZONE St Oran's College
550 High Street
16.1 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 507 enrolled
IN ZONE Hutt International Boys' School
Granville Street
28.4 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 655 enrolled
UNZONED Cardinal Mckeefry School (Wilton)
66 Albemarle Road
560 m
Full Primary (Primary & Intermediate), State : Integrated, 17 enrolled
OUT OF ZONE Northland School
14 Harbour View Road
668 m
Full Primary (Primary & Intermediate), State, 215 enrolled
UNZONED Samuel Marsden Collegiate School
Marsden Avenue
833 m
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 414 enrolled
OUT OF ZONE Kelburn Normal School
Kowhai Road
1.2 km
Full Primary (Primary & Intermediate), State, 251 enrolled
OUT OF ZONE Ōtari School
166 Wilton Road
1.3 km
Full Primary (Primary & Intermediate), State, 205 enrolled
UNZONED St Mary's College (Wellington)
15 Guildford Terrace
2 km
Secondary (Year 9-13) (Secondary), State : Integrated, 553 enrolled
UNZONED Te Aho O Te Kura Pounamu
11 Portland Crescent
2.1 km
Correspondence (Primary, Intermediate & Secondary), State, 8733 enrolled
UNZONED Queen Margaret College
53 Hobson Street
2.5 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 760 enrolled
OUT OF ZONE Wellington East Girls' College
Austin Street
3.7 km
Secondary (Year 9-13) (Secondary), State, 1016 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.