Aro Valley - THE ROUGH DIAMOND

Description

Positioned on arguably the best street in Aro Valley, 75 Epuni Street enjoys the privacy and tranquil benefits of the neighbouring reserve land including the native flora and fauna it brings. Acknowledging a certain level of deferred maintenance, this interesting property comprises a 1900's villa to the front of the section and 1980's studio to the rear, with plenty of upside to be had. Perfect for the astute investor or location conscious owner occupier, renovator looking for a passive income.

Tightly held for the past 12 years with the same revolving but continuous tenancy in place, it is now time for someone else to enjoy and profit!

Points of interest include:

• Front - four double bedrooms plus one single bedroom
  
• Rear - two level studio
  
• Two bathrooms in main house, one bathroom in the studio
  
• Total current rent $1,200 per week
  
• Rental assessment $1,300 per week
  
• Possibly the best positioned property on the street
  

City fringe potential at its finest, the rental numbers are good, but more importantly with an RV of $1,600,000 - the price is right!

Aro Valley, still one of Wellington's most desirable and "hippest" inner city suburbs where local cafes, a superette and Garage Project Brewery are all just stone's throw away.

Unlock the potential, roll your sleeves up now and call Warrick McCluskey on 021 393 629 for your own private viewing.