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128 Wellington Street

Howick Auckland

6
3
3
1024 m²
House
Currently for sale - view listing

Overview

Block Of Three Flats - Freehold Title!

27 Year Investors Cash Out! This is an opportunity for proactive buyers to reposition weekly rental incomes to further enhance yield. All three flats are rented on a periodic basis to long - standing tenants who would very much like to stay. The recently obtained rental appraisal suggests that: Unit 1 may achieve between $510.00 - $530.00 per week. Unit 2 may achieve between $480.00 - $500.00 per week. Unit 3 may achieve between $510.00 - $530.00 per week. Of course, should a renovation be undertaken, these returns would soar! You work out the yield yourself on this Yield Calculator: https://www.opespartners.co.nz/calculators/rental-yield. So, do you: Landbank, and retain the existing tenants? Develop the site (subject to council approval, thanks to Mixed Housing URBAN Zoning) Renovate the existing dwelling, and build instant equity. This investment is the unique of unique - an opportunity that has stood the test of time, a block of three units on a Freehold Title consisting of 1024 m2 more or less. The multi - tenancies do provide diversification of risk while still offering further upside in yield with further improvements made to the properties. Make no mistake, my Vendor's instructions are extremely clear - they want this property SOLD on Auction Night! Be a shame to miss it!

Features

6 bedrooms
3 bathrooms
3 carspaces
3 carport spaces
1024 m² lot size
House

Happy sellers in Howick

77%
77% of sellers in Howick reported that their sale price either exceeded or met their price expectations.

Howick stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 126 reviews in Howick over the last 12 months.

Local market activity for 6 bedroom houses in Howick

In the last 12 months, 2 six-bedroom houses similar to 128 Wellington Street, have been sold.

This represents a 60% increase in six-bedroom houses sales when compared to the previous 12 months.

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