A GOLDEN OPPORTUNITY

House Sold - Kingston Wellington

IF YOU REQUIRE A MORTGAGE, PLEASE STOP HERE!

This property is one of three affected by a slip in 2017, and as a result, an EQC settlement was paid out to the owners. Any future events that could arise involving the land will not be covered by EQC; hence mainstream lenders won’t loan without EQC cover.

We have a commercial insurance policy quote available that excludes EQC but covers the home.
Currently tenanted the home is fantastic and would sell around 1 million if this unfortunate event had never happened. It is worth pointing out there has been no further subsidence since the original slip.

If your money is sitting in the bank achieving very little in a return, then this could be what you are looking for. Do the sums and you can see a good return awaits.
The damage caused by the slip can be repaired but it comes with a cost, but for the right person, it may be a good opportunity. Put your thinking caps on and see if this could give you what you are looking for.

Please again you will be asked if you require a mortgage and if the answer is yes, we won’t be showing. Inspection is by appointment only and after viewing all reports we have will be made available.

Please note the photography used is from the previous sale in order to respect the privacy of the tenants.

Tender closes 2pm 17th September 2020 at Tommy’s Real Estate, 209 Victoria Street, Te Aro, Wellington.