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Picton - Investment and Home Buyer Alert!
Price | $950,000 |
Location | 91 Waikawa Road, Picton |
Type | Home & Income |
Bedrooms | 8 |
Bathrooms | 3 |
Floor Area | 300 m2 |
Land | 449 m2 |
Listing No # | PR41330 |
Listed | 8/01/2024 |
Views | 20 |
Description
A rare find. This freehold property encompasses three separate self-contained accommodation residences. Comprises two comfortable 2-bedroom units on the ground floor with rear access and a spacious 4-bedroom home above with a large sunny balcony and pleasant vista to the marina and hills with private front access. Off-street parking and easy-care grounds. A close walk to Picton town and all amenities. You could live privately in the house, and enjoy a healthy income from the units. The upstairs home and two lower units are in tidy condition with recent decoration. All tenants would like to remain. Rates are $8019 p/a and insurance $4946 p/a. This investment could at $950K give a 7% plus gross return or 6% plus nett return. Unit titles of the three residences have been fully approved by Marlborough District Council, allowing the units to be sold separately if desired, potentially for a good price.