28 Austin Street, Mount Victoria, Wellington

28 Austin Street, Mount Victoria, Wellington CASH COW IN MOUNT VICTORIA

For sale for the first time in 20 years, this amazing investment opportunity combining 4 x 3-bedroom flats and a studio on a sunny site with the huge bonus of off-street parking for two cars. This is a rare chance to buy a cash cow investment in a prime location for tenants who want location. Features include:

- Immediate returns - current rentals are approx. $750 per week + $750 + vacant (was $750) + $550 + $405 = annual income $166,660!

- 4 x 3-bedroom flats and a studio that will appeal to a wide range of tenants, from students to professionals to couples

- Sitting tenants in three of the units, already there's immediate cashflow for when you take over

- Potential to increase returns through cosmetic improvements to capitalise further

- Sought after Mount Victoria location, elevated for sun and views in one of Mount Victoria's popular streets - attractive to tenants because of its proximity to downtown, the waterfront, and the walkways and cycle trails of the town belt

- Off-street parking for up to two cars in an inner-suburb where parking's at a premium

- Unbeatable location for tenants who love to walk everywhere, from neighbourhood bars and eateries to everything iconic about city living, from Oriental Bay to the Basin Reserve to Courtenay Place

- Buyer Enquiry Over $1,995,000

This high-yield configuration is one to add to the portfolio! Cash cows like this are seldom for sale, especially in this location! Call Emma Young Team for a private viewing or come to the next scheduled open home.

Tender closes 3pm, Thursday 20th March 2025 at 8 Kent Terrace, Wellington (will not be sold prior)