This is one of the very best residential investment properties you will find in central Wellington!

Sitting proudly on Hankey Street Mt Cook, it is perfection for the educated investor in terms of quality and aspect.

Comprising 3 Apartments (flats) + commercial space in decent condition, properties like these are rare as hens teeth. The downstairs flat would benefit with a basic refurbishment, but the rest is solid. Everything is done! Healthy Homes compliant, this deluxe property is a must see. Floor Area 310m2 Land Area 278m2.

The Facts:

Yield of $113,000 per annum (huge scope for improvement)

Comprised as 3 Bedroom, 2 Bedroom, 2 Bedroom apartments + Shop on ground floor

Common area for bike storage

Not on the EPB register and EPB compliant

R.V $ $1,500,000 (not reflective of market value)

WCC Rates $8178pa

Freehold title

The opportunity exists to acquire this gilt-edged investment located in one of the most sought after inner city suburbs and is surely a once in a lifetime opportunity. One would say it is an amazing addition to any individual, family trust or investor's portfolio.

Viewing is strictly by Appointment. We have approved access Tuesday and Thursdays 1pm - 2pm. To arrange an appointment OR for a comprehensive information pack please call Harry Eggers on 021777806.