Massive Boarding House, High Return!

Property listing ID: 464064

Bedrooms
28
Bathrooms
3
Covered parks
8
Off-street parking
8
Land area
961m²
Price / method
Sold March 2012

A substantial weatherboard 1920's boarding house with fibrolite extension of 661m² floor area. The property is well-kept and well run with an on-site Manager who keeps it in the best condition possible. There are 28 bedrooms, 1 office, 3 bathrooms, 6 wc's, a separate laundry with 3 washing machines and 8 plus off street parking spaces. A bright, massive living area has a Sky TV and internet access and a new kitchen offers plenty of storage. The house is located in a very good condition on a main road, close to the new motorway, St Lukes shopping centre, schools and sports centre. The property had $121,466.53 net income last financial year and there is room for further improvement. A registered valuation of $1,500,000 is available. The property must be sold a.s.a.p due to the marriage break up. The Vendor is seriously looking for offers.

Listed by Barfoot & Thompson , Onehunga Residential Sales (Onehunga)