Lowe & Co Realty
Real Estate Agents
- Listing #:
- LOWE7591
- Listed:
- 82 days ago
BEO $995,000
4 x FLAT MT VICTORIA MULTI INCOME
14 Prince Street, Mount Victoria, WellingtonResidential House
-
- 5 Bedrooms
-
- 4 Bathrooms
-
- 230m2 Floor Area
-
- 196m2 Land Area
About this property
Mount Victoria! - An investors dream location! Could there be a more attractive location for tenants than this? Perched above Oriental Bay, with marina and harbour views, this villa has been reconfigured as four, sunny, one- or two-bedroom flats in the summertime sweet spot between Oriental Bay Beach and Courtenay Place. Plus - it comes with sitting tenants for instant cashflow. Features include:- Versatility of 3 x one-bedroom flats and 1 x two-bedroom flat for renting to professionals and couples
- North facing for spectacular harbour and marina views from three of the flats, including one with an enclosed, wraparound veranda for soaking up the sun year-round
- Timeless appeal of villa character, complete with bay window seats, sash windows, and polished floorboards
- Convenience of dual access from Roxburgh Street and Oriental Bay - stroll to bars and restaurants in one direction, and to the beach and Freyberg Pool & Fitness Centre in the other
- Enclosed backyard with bonus of a washhouse/shed for extra storage
- Located at end of quiet street at the northern end of an inner suburb that's a magnet for tenants
- All sitting tenants fixed until approx. end February 2026 and total current gross income approx. $100,000
- 2024 Rateable Value $1,720,000 - Buyer Enquiry Over $995,000
This is a fantastic opportunity for investors or home-and-income buyers who want to live in one flat and rent out the rest to help pay the mortgage, with potential to add value over time. Whatever your need, call Emma Young Team or come to the next scheduled open home.
Source of information: Property Guru, Nexus, Wellington City Council (non-verified)
Sun 7th Dec 5:00pm ~ 5:30pm
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