A Rare Diamond on The Terrace

  • Sold
$1,880,000 / RV
Address: 262 The Terrace Te Aro Wellington
Location: Te Aro
  • 4 Bathrooms
  • 14 Bedrooms

Property Information

  • Type: House
  • Bedrooms : 14
  • Bathrooms : 4
  • Land Size : 307m2
  • Dwelling Area : 243 m2

Property Description

This is one of the finest residential investment properties I have ever marketed!

Sitting proudly on pole position on The Terrace it is perfection for the educated investor in terms of quality and aspect.

Comprising 3 Apartments (flats) in incredible condition, benefiting from the comprehensive and recent refurbishment of all apartments (flats). Everything is done! Healthy Homes compliant, this diamond property is a must see. Floor Area 243m2 Land Area 307m2.

It is wonderful to see vendors who take such pride in their investment, and a joy for their tenants to live in.

The Facts:

• Yield of $174,200 per annum
• Comprised as 7 Bedroom, 3 Bedroom, 4 Bedroom apartments
• 2 off street parks
• Common area for bike storage
• Not on the EQC register and EQC compliant
• R.V $ $1,880,000 (not reflective of market value)
• WCC Rates $8188pa
• 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’s an amazing addition to any individual, family trust or investor’s portfolio.

For a comprehensive information pack please call Harry Eggers on 021777806.

Selling by Closed Tender 12pm Tuesday 3 March 2021 (not sold prior)

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