Sold

5/24 Parliament Street,
Melling, Lower Hutt City

12 bedrooms
8 bathrooms
Unit

NZD 193,750


Property details

8 Flats for 1 Buyer

Opportunity knocks for a rental investment to buy an entire block of 8 individually titled flats sitting on 1,203m2 flat land in Western Lower Hutt.

7 of the 8 flats are currently rented, bringing in $2,300/week.

The top 4 flats have a mezzanine floor with a second bedroom.
The bottom 4 flats are all single bedroom flats.
Flat 2 is yet to be refurbished and is currently vacant.
All flats include off-street carparking.

There are so many options here:
- Invest and enjoy the rental income from 8 x 1-2 bedroom flats
- Renovate, create a body corporate, and sell them separately
- Develop the 1,203m2 flat land

The landlords have quit this one, and the whole she-bang is up for grabs for a new owner!

Explore the area


School catchments

  • Hutt Central School Primary Years 1-6 State 0.34km
  • Te Ara Whanui Kura Kaupapa Māori o ngā Kōhanga Reo o Te Awa Kairangi Composite Years 1-15 State 0.97km
  • Sts Peter and Paul School (L Hutt) Full primary Years 1-8 State integrated 1.0km
  • Normandale School Primary Years 1-6 State 1.0km
  • Maungaraki School Full primary Years 1-8 State 1.3km

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.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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