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This could be the investing opportunity of a lifetime. Seven one bedroom units in a prime location, all currently rented with enough land for future potential.
Fast Facts:
7 x 1- Bedroom units, fully rented
1x Large garage, rented as storage
1983sqm total land area
Set back from the road 4-6 Cottle Street is a private site, in a prime central area of Lower Hutt. 7 current tenants each enjoy their one bedroom unit, while a large versatile garage onsite is rented as a separate storage space. These have been popular rentals with very little, if any, historical vacancy. Each unit has its own carpark, storage shed and vegetable garden bed.
These units have been maintained over the current period of ownership. Five of seven units have had upgrades overtime with two very long term tenants having units in original condition.
Currently on unit titles, the body corporate is in process of being established, leaving the next owner with the options to keep these assets as a long-term hold, or sell each unit individually to maximise capital gains in future. The huge land area and local zoning allows for some serious future potential should a buyer look into redevelopment.
If your wanting to make a solid investment before the housing market horse bolts again, make sure you get in touch with Alice today!
Please do not go onsite without an agent present. All viewings to be through the agents. Thank you.