Legal Home & Income - 7 Bed 3 bath - $1,255pw Rental
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Property Details

Price By Negotiation
Valuation:  $1,585,000
Rental:  $2,115 pw or $110,000 pa
Gross Yield:   8.5%
Cashflow Positive:  $1,115 per week or $58,020 per annum
Equity:  $285,000
Land:   1,994m2
Building:   350m2
Construction: Timber with Galv Roof
Bedrooms: 15
Bathrooms: 5
Garages: 3
Carparks: 15
Rates:  $4,033.25pa
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Full information pack available upon request.

Viewing by appointment
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Shane Carruthers
M: 021 182 6547
P: 09 215 6202
E: shane@nexusproperty.co.nz

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344 Main Road, Brown Owl, Upper Hutt
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This property ticks all the boxes . Massive Cashflow, Equity and Subdivision and Development Potential. The owner completed a massive renovation to create a 5 bedroom family home with 2 bathrooms PLUS a 9 bedroom rent by room property with 3 full bathrooms. 

This property has three of the most requested investment elements: 

* Cashflow with Rental income of $2,115pw ($109,980pa) making this Cashflow Positive after expenses by $1,115 per week or $58,020pa 

* Equity - $285,000 below Registered Valuation 

* Development and Subdivision Potential with 1,997m2 of land 

Additionally there are three garages onsite and a 70m2 watertight shed for storage which adds another $11,440 per year in passive income and there is room for another 5 to 8 garages onsite. 

Survey plans are available showing the land at the rear of the site can be subdivided "as of right" allowing you to create a 566m2 section that would easily support a 3 bedroom house. ** Plans and drainage report are available upon request. 

To find out more information or make an appointment to view, get in touch with us today.