Kelburn, Western Suburbs

3952952

Prime investment opportunity, with good rental returns across three units.

147 Upland Road is a unique, blue chip investment, perfectly located within minutes of Victoria University. This grand 1920s property is waiting for new owners to add additional value and return and would suit all investors looking to expand their current portfolio or investor parents with children at Victoria University.

The opportunities are endless here – either buy to hold, develop, or renovate and increase its already impressive rental yield. With a private, elevated setting, the property boasts a long list of key features including:

• Three well proportioned units:
Flat one is located on the lower level and features two spacious bedrooms, kitchen, bathroom and laundry.
Flat two offers two access points, three large sized bedrooms with separate laundry, additional living space and easy access to the elevated back garden.
Flat three includes three large bedrooms with living area, kitchen, bathroom and laundry.
• Highly sought after location within minutes of Victoria University, Kelburn Village shops, public transport and the CBD.
• Charming original character features throughout including bay windows, polished wooden floors and high stud ceilings.
• A proven rental performer, with low vacancy rates.
• A current rental income of $1555 per week.
• Potential rental upside.
Invest with confidence here. Renovate and capitalise or simply take advantage of the already attractive rental income.

Don’t miss an opportunity which rarely comes to market, secure your chance to view today.

Tender closes 2pm Tuesday 15th December 2020 at Tommy’s Real Estate, 209 Victoria Street, Wellington. (vendor has the right to sell prior)