The property consists of a 7-bedroom flat known as 11 Haddon Place and a 6-bedroom flat known as 9 Haddon Place, with the potential to easily convert the latter back to a 3-bedroom downstairs and a separate 3-bedroom upstairs.
The Council recognise this as a three dwelling property and pays rates as such, but the current owner rents as two dwellings. A simple locked door in the 6-bedroom property will turn this back to 2x 3-bed flats with their own kitchen, bathroom, laundry facilities and separate entrance previously approved in the LIM.
Currently rented at $127 per room for 2020, there is room for simple renovations and improvements leading to potentially increased returns as this rental return is arguably below the median levels for the area and unprecedented demand is looking likely to continue.
•Fantastic city centre location
•Potential to increase returns
•Rented for 2020
To view a 3D Virtual Tour of 9 Haddon Place click here: https://bit.ly/2E5SPRv
To view a 3D Virtual Tour of 11 Haddon Place click here: https://bit.ly/2PbgmGQ
A full Colliers Information Memorandum and additional property documentation including LIM and an Electrical Inspection Report are available on request.
Viewings are by private appointment only with our Brokers.
Other investment options at https://www.colliersotago.co.nz/
Ref #: 20378906