8 x 1 Bed Units - 1,487m2 Medium Density Zoned
Cashflow opportunity in Wellington with great income over over 7.0%.
Hold for Cashflow, Land bank or Develop.
Price by Negotiation
Rental appraisal $156,000 pa / $3,000pw after renovation of Units
Zoned Medium Density
Option 1: Build 10 Townhouses - 6 x 102m2 and 4 x 188m2
Option 2: Build 9 Townhouses - 4 x 135m2 and 5 x 208m2
HOMES estimate is $2,110,000
Situated in a premium location right by Stokes Valley Mall with shopping, restaurants, chemist etc. Wellington CBD 30mins drive.
Please contact me if you’d like further info.
021 182 6547