Strategic Investment Option
Act fast to secure this investment in this popular location within walking distance to the University, and city centre.
Rented for 2020 at $1,080 per week, this spacious 8 bedroom flat consists of 2 bathrooms, 2 kitchens and 2 living areas. It also boasts a double garage and ample off-street parking.
A potential value add situation exists due to the unique multi-kitchen / living room layout and the new Second Generation Plan changing the zoning from Residential 1 (one dwelling allowable) to Inner City Residential (up to 13 habitable rooms, with multiple dwellings).
It is worth investigating future options to increase returns through converting the garage to a sleep out or self-contained dwelling (subject to appropriate consents) and/or converting the main building into two flats (subject to appropriate consents).
This property would be a sound addition to your portfolio and with potential to grow the returns with renovations, it is well worth consideration.
Please contact us for a further discussion or to arrange a viewing appointment.
• Spacious 8 bedroom, double living-kitchen, two bathrooms
• Strategic Investment Opportunity
• Rented for 2020
• Popular location with sunny views
To view a 3D Virtual Tour of the property, click here: https://bit.ly/2PdBlsC
A full Colliers Information Memorandum and additional property documentation including LIM and an Electrical Inspection Report are available on request.
Viewings are by private appointment only with our Brokers.
Other investment options at https://www.colliersotago.co.nz/