16 Austin Street, Mount Victoria, Wellington

16 Austin Street, Mount Victoria, Wellington INVESTMENT OR HOME & INCOME

Could you wish for a better rental opportunity than this three-flat character property in one of Mount Victoria's best streets? Achieving approximately $118,820 in gross annual income. This rare opportunity features one-, two- and four-bedroom income streams on a sunny, elevated site with, single garage and off-street parking for two cars in a hot Mount Victoria prime investment spot on the cusp of downtown and Courtenay Place. Features include:

- Live in one or rent out them all - instant returns to subsidise the mortgage - rental history is approx. $500 per week + $620 + $1,000 + $85 + $40 + $40 = $2,285

- Three flats with unique one-, two- and four-bedroom configurations

- Indoor-outdoor living for each, ranging from a large courtyard to two, big northwest-facing decks with views and great sun

- Cityscape views from two of the flats, stretching from the Brooklyn turbine to the harbour - desirable for tenants

- Brilliant location for professionals and couples wanting convenience and close to the city with everything accessible on the doorstep of downtown

- Rare bonus of off-street parking plus a garage in a high-density street where parking is premium

- Just a short stroll from Te Aro and Cuba Street for cosmopolitan bars, boutiques and eateries, Oriental Bay and the waterfront for recreation and hospitality, and the CBD for work, business and shopping - a lifestyle hard to replicate

- 2021 Rateable Value $2,050,000 | 2024 Rateable Value $1,440,000

Benefit with this nest egg now and in the long haul! This is a fantastic multi-unit buy for savvy investors whose mantra is "location-location-location". Call Emma Young Team 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)