This two bedroom freehold townhouse is conveniently located on Elizabeth Street - in the sought after suburb of Mount Victoria and on the doorstep of all the entertainment district has to offer. The Embassy Theatre is right around the corner and it's just a short stroll to Te Papa, the Waterfront, Oriental Bay, and the city's best restaurants and bars.
Set over three levels, the ground floor features garage with laundry, separate toilet and small back courtyard. The first floor is made up of open plan living / dining and includes a west-facing balcony for afternoon sun. Upstairs there are two double bedrooms, bathroom, additional separate toilet and a smaller balcony with scenic views of the city.
Rental appraisal of $680-710 per week; equivalent to up to $37,000 per annum. Potential gross return of 7%.
AirBNB income estimate of $60,000 per annum. Potential gross return of 12%.
Please note that the cladding is monolithic so will require maintenance from time to time and may need a re-clad in the future. This is factored in to the asking price.
A fantastic opportunity to purchase a freehold property in Mount Victoria at a great price.
RV $570,000. Rates $2,738.46.
More info and vieiwng details available on request.