Ray White Wellington City
Real Estate Services, Real Estate Agents
- Listing #:
- KOR30765
- Listed:
- 7 days ago
Tender closing 12 March 2026 at 1pm
Smart Investment
11 Mt Pleasant Road, Aro Valley, WellingtonOther
-
- 3 Bedrooms
-
- 3 Bathrooms
-
- 3 Toilets
-
- 120m2 Floor Area
-
- 374m2 Land Area
About this property
This outstanding three-flat property is simply one of the best investment opportunities we've seen.Perched on the sunny side of Aro Valley, with a peaceful green outlook, yet steps from the buzz of the city, is this superb three flat property.
Meticulously maintained and showcasing a new roof and gorgeous exterior paint job, it has been a sound rental property, attracting long standing, excellent tenants, and full occupancy throughout the year.
The three separate flats, each on their own level, are all Healthy Homes' compliant, with good heating, insulation and ventilation in place. Each dwelling has its own private access, bathroom, kitchen, laundry and living area. They are north facing with sun, lovely natural light, tranquil views, and neutral colour scheme throughout.
The top flat is a larger 1 bedroom rented for $500/week with a new bathroom
The middle 1 bedroom flat is rented for $425/week with new carpet
The bottom flat is a studio rented for $330/week
Returning $1,255 per week, all tenants have recently renewed 12 month fixed term tenancies until Feb 2027.
This is a rare and versatile opportunity - ideal for astute investors wanting to grow their portfolio. With low interest rates and property remaining a tangible, trusted asset, the long-term confidence in this investment is clear.
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