115-121 Talbot Street, Whanganui East, Whanganui
price TBC
12
4
2
Four sources of revenue
Located just around the corner from Anzac Parade, this Whanganui East complex was built with tried and tested materials in the 1960s. The complex is currently a strong cashflow generator, and has potential for even greater growth in performance and rental gains. With four sources of income, and potential for more capital improvement. Each unit comprises of three bedrooms, with a semi open plan kitchen/dining area which connects into the lounge, via timber framed glass doors. The bathrooms feature a shower over the bath, with separate toilet and laundry. The footprint of this complex has two of the four three-bedroom units on the ground level, and another two of the four accessed by a communal stairway. 115 Talbot Street is currently rented for $310.00 (per week), on a periodic tenancy agreement that commenced early October 2019; 117 Talbot Street is currently rented for $350.00 (per week), on a periodic tenancy agreement that commenced early July 2020; 119 Talbot Street is currently rented for $350.00 (per week), on a periodic tenancy agreement that commenced early November 2020; and 121 Talbot Street is currently rented for $350.00 (per week), on a periodic tenancy agreement that commenced early August 2020. The current rates for the complex are $7,370.44 for the year in total, and will be sold together as these units are sitting on one fee simple freehold title. The complex complies with insulation standards, however to meet the Healthy Homes Standards will require one or more fixed forms of heating per unit, an extractor in both kitchens and bathrooms, a ground moisture barrier for the subfloor of the ground level, and the complex being assessed for draught stopping. Being occupied by tenants, to view you will need to work in with strict viewing days and times.
Chattels
115-121 Talbot Street, Whanganui East, Whanganui
Web ID
WGU79113
Floor area
347m2
Land area
1,181m2
District rates
$7,022.82pa
Regional rates
$347.62pa
LV
$69,000
RV
$400,000
12
4
2
price TBC
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