CASHFLOW AND EQUITY IN WANGANUI

Listing Number:  999
Posting Date:  10 May 2008






 
Price:$323,000
Listing:CASHFLOW AND EQUITY IN WANGANUI
Type:Unit/Flat
Category:Assignment
Bedrooms:6+
Bathrooms:3+
Region:Taranaki
Site Area: 
Address: Login
Building Area:741 m2
Property Image

Description:

Multi Income with Equity in Good Location
Four income-stream property in GOOD area of Wanganui. Longstanding tenants in all four dwellings who wish to stay on.

2 Tawa St, Gonville, Wanganui.

Purchase price: $325 000 (includes finders fee)
Capital Valuation: $380 000 Nov 2007
Rental assessment: $580pw (3 bed house $220, 2 bed flat $150 ,2x 1 bed flats $105 each)
Rates: $4,794.84p.a.

Freehold section 741m2, road front.

Fully fenced section.
The house and flats are on separate power meters. Water included in Rates.

The 3 bedroom house: built in the 1940's, 142m2 building area:
Construction is fibro cement, wooden joinery, iron roof.
Large separate dining / family room which leads through to small kitchen.
Large sunny lounge room with gas heater.
Nice little concreted covered patio area to enjoy the sun.
3 bedrooms all with built in cupboards, Master has double wardrobe.
Walk through laundry to separate toilet. Separate bathroom with shower, bath and vanity.
The house is very tidy. Double lock up garage.

The two bedroom flat:
Walk in via covered front patio area into combined kitchen / dining / lounge room.
Off hallway is a large bathroom / combined laundry, with shower and toilet.
Two good sized bedrooms both with built in robes.
Off street parking.
Fabulous tenant of 6yrs who wishes to stay.

The 1 bedroom flats: Flat 1.
Construction is fibro cement boards with iron roof.
Extremely tidy and clean. Combined lounge / dining. Semi separate kitchen. Large bedroom with double built in robes.
Bathroom with shower, basin, toilet / combined laundry.
Double off street parking area.
Own private rear garden / out door area.
Tenant of 2yrs who wishes to stay. Her mother lives in the 3x bedroom house.

The 1 bedroom flats: Flat 2.
Smallish flat, lounge with semi separate kitchenette.
Small laundry area, thru to bathroom with shower, basin, toilet.
Large bedroom with built in robes.
Tenant of 4yrs who wishes to stay.
Off street parking area.

Gonville is a desirable residential area to the south of the city centre.
Walking distance to Wanganui Base Hospital, shops, schools, golf club and racecourse.

Please let me know if you would like any further information or photos.