House Converted into 1 x 2 & 1 x 3 Bedrooms Flats

Edgeware, A & B 58 Hills Road

Attention all investors! Are you looking for an investment property with good holding income? Then this is it. House converted into 1 x 2 & 1 x 3 bedroom flats on one freehold title, situated on 597m2 of RSDT, TC3 land.

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  • Present Offers

Property Information

  • Listing #S2016
  • Legal description Lot 1 DP 302551
  • CT number 9891
  • Land Area 597m²
  • Floor Area 181m²
  • Land Zone RSDT, TC3
  • Land Value $215,000
  • Improvements $345,000
  • Capital Value $560,000
  • Rates $3,450.93 p.a.
  • Parking Off street
  • The above information has been supplied by either the vendor* or by outside agencies like CCC, LINZ, Property Guru, etc. Accordingly, Braziers is merely passing over this information as supplied to us. We cannot guarantee its accuracy and reliability as we have not checked, audited, or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into this information. To the maximum extent permitted by law Braziers does not accept responsibility to any person for the accuracy or use of the information herein.

This property is in excellent condition throughout, it has had its renovations and upgrades done in early 2019. Modern kitchens and bathrooms (2008), repainted throughout, new carpets, polished floors, each unit has two heat pumps, and one with log burner. Insulation in ceiling and under floors. Has been partially rewired and new colour steel roof. All EQC repairs were completed and insurance in place*.

• 1 x 2 & 1 x 3 bedroom flats • 597m2 of RSDT, TC3 land • Good holding income • Plenty of off-street parking.

The front flat is currently tenanted at $345 per week fixed until 07/02/2020. The back flat is currently rented at $385 per week fixed until 20/10/2020. Total weekly income of $730 per week $37,960 per annum.

Situated in a prime location close to the edge of the four avenue’s and the CBD. Walking distance to local amenities and supermarket. Only a short drive away to the Palms Shopping centre, Merivale and Eastgate Malls.

This is a great investment property for any investor or someone wanting a home and income.

To view, call Braziers on (03) 377 7122

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Email Rebecca Manawatu about A & B 58 Hills Road

Email Neil McLaughlin about A & B 58 Hills Road