City Fringe Flats - Right By Massey Uni

If you are targeting students or young professional tenants, you don't get a much better location than this. With two income streams on a flat, easy care site, all within easy walking distance to everything, it is hard to imagine you will ever have trouble finding tenants here! There is no doubt this ain't the prettiest example on the market today, but who are you trying to impress... your mates, or your accountant / financial advisor?

Check out what's on offer...
- Upstairs: 3-bedroom flat rented for $720pw until 23 Nov 2025
- Downstairs: 2-bedroom flat rented for $470pw until 14 June 2026 (this has previously been rented as a 3-bed for $700pw)
- Total current rent of $1,190pw = $61,880pa (has previously achieved as high as $1,420pw = $73,840pa)
- Both flats have heat pumps
- Both flats Healthy Homes compliant
- Two income streams to minimise the risk of vacancy
- Plenty of upside in the rents, especially when the rental market recovers from current weakness
- Also tons of scope for adding value via simple cosmetic improvements
- RV $840,000
- Rates $5,978.35pa

We have limited viewing times:
- Open home Sunday
- Thursdays 1-4pm by appointment only

For sale by TENDER - BEO $699,000:
- Closing 1pm Thursday 28 August 2025
- At Lowe&Co Realty, 8 Kent Tce, Wellington
- The vendors will NOT consider offers prior to the deadline

This has been a great rental for my vendors, but their changing plans mean it's time to move it on. Come check it out at an open home, or contact Adam for more information.