Sold
14, 16, 18 Freyberg Street,
Roslyn, Palmerston North City
NZD 3,500,000
Property details
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Agents
Ray White Palmerston North: Real Estate House Manawatu Limited Licensed (REAA 2008)
188 Broadway Avenue, Palmerston North Palmerston North City 4410
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Top Drawer Investment
The current owner has owned the property (14, 16 & 18 Freyberg Street) between 2 (18) and 29 (14 & 16) years. During this tenure, they have turned very sound "plain" buildings into 12 very desirable apartment style residences largely occupied by long term stay medical professionals who enjoy the well cared for, peaceful and private environment.
An excellent environment producing a high end, stable income, this is an exciting opportunity.
Don't miss it - call Stu on 027 444 1594
Viewing by appointment only.
14A & B Background:
Originally built in 1915 it was named Clayfields Cottage as was the residence of the manager for the Hoffman Kiln Brickworks (Featherston Street).
The current owner has since their ownership, turned this lovely "character" home into a one bedroom (adjacent carpark) and a large two bedroom (small house) at the rear with a lovely sunny, private backyard. The two bedroom residence is the only residence that is not furnished.
(1-8)/16 Freyberg - Roslyn Residences
Background:
When purchased by the current owner in 1996 this exceptionally "solid" block of flats was a bit of a "plain Jane." With many upgrades and renovations since, this "Residential Purpose Built Flats" built in 1950 have morphed into a very special environment where quiet privacy and space is enjoyed by the occupying tenants.
The high quality, fully furnished residences are home to long-term stay medical professional who enjoy the locality and it's easy access to their place of work.
Due to the exceptional standard of living this environment provides, vacancies are rare, making income very stable.
18A & B Freyberg Street
Bought and completely renovated from a sound but "tired" home into two upmarket and beautifully presented one bedroom residences with fabulous views over the expansive Freyberg High School grounds.
With No.18 there is an exciting twist!! At the rear and separate from the front house.... a large 8x8m double garage with an excellent "room" above. This "room" has served as a workshop, storage, smoko room for the management/maintenance team but would remain as is or become a lovely apartment....potential.
Income: At A Glance
14 Freyberg Street
14A - $490
14B - $520
16 Freyberg Street
1/16 - $540
2/16 - $540
3/16 - $520
4/16 - $520
5/16 - $540
6/16 - $540
7/16 - $540
8/16 - $540
18 Freyberg Street
18A - $540
18B - $560
Total: $6,390 x 52
$332,280 per annum
Expenses:
Rates - $28,520pa
Insurance - $20,200pa
R/M ($1,000 per unit per year) - $12,000pa
Total: $60,720pa
Nett Income: $271,560 per annum
For further information, please visit: https://rwpalmerstonnorth.co.nz/PNO31295
An excellent environment producing a high end, stable income, this is an exciting opportunity.
Don't miss it - call Stu on 027 444 1594
Viewing by appointment only.
14A & B Background:
Originally built in 1915 it was named Clayfields Cottage as was the residence of the manager for the Hoffman Kiln Brickworks (Featherston Street).
The current owner has since their ownership, turned this lovely "character" home into a one bedroom (adjacent carpark) and a large two bedroom (small house) at the rear with a lovely sunny, private backyard. The two bedroom residence is the only residence that is not furnished.
(1-8)/16 Freyberg - Roslyn Residences
Background:
When purchased by the current owner in 1996 this exceptionally "solid" block of flats was a bit of a "plain Jane." With many upgrades and renovations since, this "Residential Purpose Built Flats" built in 1950 have morphed into a very special environment where quiet privacy and space is enjoyed by the occupying tenants.
The high quality, fully furnished residences are home to long-term stay medical professional who enjoy the locality and it's easy access to their place of work.
Due to the exceptional standard of living this environment provides, vacancies are rare, making income very stable.
18A & B Freyberg Street
Bought and completely renovated from a sound but "tired" home into two upmarket and beautifully presented one bedroom residences with fabulous views over the expansive Freyberg High School grounds.
With No.18 there is an exciting twist!! At the rear and separate from the front house.... a large 8x8m double garage with an excellent "room" above. This "room" has served as a workshop, storage, smoko room for the management/maintenance team but would remain as is or become a lovely apartment....potential.
Income: At A Glance
14 Freyberg Street
14A - $490
14B - $520
16 Freyberg Street
1/16 - $540
2/16 - $540
3/16 - $520
4/16 - $520
5/16 - $540
6/16 - $540
7/16 - $540
8/16 - $540
18 Freyberg Street
18A - $540
18B - $560
Total: $6,390 x 52
$332,280 per annum
Expenses:
Rates - $28,520pa
Insurance - $20,200pa
R/M ($1,000 per unit per year) - $12,000pa
Total: $60,720pa
Nett Income: $271,560 per annum
For further information, please visit: https://rwpalmerstonnorth.co.nz/PNO31295
Explore the area
School catchments
- Ross Intermediate Intermediate Years 7-8 State 0.11km
- Freyberg High School Secondary Years 9-15 State 0.11km
- St Mary's School (P North) Primary Years 1-6 State integrated 0.37km
- Terrace End School Primary Years 1-6 State 0.79km
- Roslyn School Full primary Years 1-8 State 1.1km
- Russell Street School Primary Years 1-6 State 1.2km
- Carncot Independent School Full primary Years 1-8 Private 1.3km
- Milson School Primary Years 1-6 State 1.4km
- Mana Tamariki Composite Years 1-15 State 1.5km
- Palmerston North Boys' High School Secondary Years 9-15 State 1.8km
- Parkland School (P North) Primary Years 1-6 State 1.8km
- St Peter's College (Palmerston North) Secondary Years 7-15 State integrated 1.9km
- TKKM o Manawatu Full primary Years 1-8 State 2.0km
- Hokowhitu School Primary Years 1-6 State 2.1km
- Queen Elizabeth College Secondary Years 7-15 State 2.1km
- Cornerstone Christian School Composite Years 1-15 State integrated 2.2km
- Central Normal School Primary Years 1-6 State 2.4km
- St James' Catholic School Te Kura Katorika o Hato Heemi Primary Years 1-6 State integrated 2.5km
- College Street Normal School Primary Years 1-6 State 2.5km
- Palmerston North Girls' High School Secondary Years 9-15 State 3.2km
- Awatapu College Secondary Years 9-15 State 4.4km
- Manukura Secondary Years 9-15 State 5.8km
- Longburn Adventist College Secondary Years 7-15 State integrated 8.0km
- Feilding High School Secondary Years 9-15 State 14.6km
- Hato Paora College Secondary Years 9-15 State integrated 21.0km
- Tararua College Secondary Years 9-15 State 21.9km
- Te Kura aa Iwi o Ngaati Kauwhata Composite Years 1-15 State 23.3km
- Manawatū College Secondary Years 9-15 State 32.8km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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Contact Stu Fleming
Contact Stu Fleming
Stu Fleming
14, 16, 18 Freyberg Street, Roslyn 4414
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Stu Fleming
14, 16, 18 Freyberg Street, Roslyn 4414