SOLD
Unit
Berhampore

510 - 512 Adelaide Road

BEO $695,000
Add to calendar New Zealand/Wellington 510 - 512 Adelaide Road 60
7
Bedroom
5
Bathroom
0
Garage
5
Living Spaces
2
Off-street
Study/Office
360
m Floor Area
271
m Land Area
RV:
$1,340,000
Rates:
$5,162.61
Open home
2
April 2019
12:00 pm
12:30 pm
Add to Calendar 04/02/2019 12:00 PM 04/02/2019 12:30 PM New Zealand/Wellington 510 - 512 Adelaide Road – Jewetts Open Home Join us at the open home of 510 - 512 Adelaide Road on Apr 02, 2019. Feel free to call us any time on 04 388 8788, or email office@jewetts.co.nz – we look forward to seeing you 510 - 512 Adelaide Road 60
Unit
Berhampore

510 - 512 Adelaide Road

Do the maths, this 5 flat property is rented for $1,525 per week ($79,300 per annum) making the purchase price an absolute bargain.  Located on a great corner site in a strong rental area, this is an awesome chance to own your investment property that is more than paying it’s way.

With interest rates around 4% this is a cash positive investment block with plenty more upside.   It’s not all plain sailing though, the building needs some earthquake  strengthening, but the good news is you have until 2029 to do this, allowing plenty of time to enjoy the cash flow.

This property will appeal to those who have the skills and funds to complete the works required. A preliminary engineers design is available to those who are interested.

5 happy tenants, positive cash flow. The owners are serious about selling, hence the price.

 

 

 

 

 

 

Video tour

Property details

Location

BEO $695,000
Add to calendar New Zealand/Wellington 510 - 512 Adelaide Road 60
7
Bedroom
s
5
Bathroom
s
0
Garage
s
5
Living Space
s
2
Off-street
Study/Office
360
m² Floor Area
271
m² Land Area
RV:
$1,340,000
Rates:
$5,162.61
Open home
2
April 2019
12:00 pm
12:30 pm
Add to Calendar 04/02/2019 12:00 PM 04/02/2019 12:30 PM New Zealand/Wellington 510 - 512 Adelaide Road – Jewetts Open Home Join us at the open home of 510 - 512 Adelaide Road on Apr 02, 2019. Feel free to call us any time on 04 388 8788, or email office@jewetts.co.nz – we look forward to seeing you 510 - 512 Adelaide Road 60
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Berhampore

Berhampore lies towards the south of the city, seven kilometres from the city centre, and two kilometres from the coast of Cook Strait. Surrounding Berhampore is the Berhampore Golf Club as well as a very extensive green belt (known as the town belt) with many walkways and tracks