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11 Lancaster Street, Karori, Wellington City

Asking price $1,795,000
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Terms and conditions: The documents related to property have been obtained from the third party and copies are made available to prospective purchasers and interested parties for general information purposes only. The information originates from a third party and not from the real estate agent, the vendors or Professionals Group New Zealand Limited. Neither the Vendors nor Professionals Group New Zealand Limited warrant the accuracy of the documents and no liability is accepted for any errors or omissions. It is recommended to all Purchasers and interested parties that they make their own property file enquiries for ‘Due Diligence’ purposes, and your own investigations with your lawyer.

Karori Home + Income + Income
Features
8
3
1
240m2
437 m2
Asking price $1,795,000 This is a standout opportunity to secure a versatile three-unit property in the highly... Read more
Asking price $1,795,000

This is a standout opportunity to secure a versatile three-unit property in the highly sought-after city end of Karori. Fully refurbished and located on a quiet, sunlit corner site, this multi-unit property offers excellent rental income potential making it ideal for those looking to generate returns while securing a solid asset. Whether you plan to rent all three units to maximise your returns or alternatively live in one and rent the others to support a significant portion of your mortgage, this property offers the flexibility you need.

Built in the 1940s with native timber and quality craftsmanship, this property has been made to stand the test of time. Comprising three self-contained units including two spacious three-bedroom homes and a well-appointed, two bedroom unit. This property offers versatility and a range of options. All units are in excellent condition and completely refurbished throughout.

The Facts:
- Updated Kitchens and bathrooms in each property
- All units Healthy Homes compliant
- All extensions and renovations have WCC Code Compliance Certificates issued
- Large single garage with extra storage space
- Heatpumps in each property and well insulated
- Three units on one title
- 11A Lancaster - Current rent $690 per week
- 11B Lancaster - Current Rent $720 per week
- 11C Lancaster - Current Rent $520 per week
- WCC Rates $8,581 pa

Situated in the highly desirable city end of Karori, close to the Marsden village shops, cafes sport grounds and local bar. Easy access to the city and public transport services. Zoned for highly desirable schools. This home + income + income will deliver a solid return on investment and is ideal if you're looking to expand your real estate portfolio or start your investment/homeownership journey.
RED26664
Agent Details
Charles Lindsay
Charles Lindsay
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027 4473874
Ph:
04 385 9965
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