34a/b Bellevue Place
Options here! 2 Dwellings on 1 Title
There are options aplenty with this stunning 2 dwelling, 1012m2 property which is beautifully located on the water front of the Otago Harbour. This property could well suit an investor as a dual income rental property OR it could be perfect for extended families looking to live separately but close together OR you may investigate subdividing to create 2 separate properties OR a home buyer as home and income, this property could be a great property to live in and rent out the other dwelling to subsidise your mortgage. The lower house is an older style character home with 3 / 4 bedrooms and generous open plan living. The upper house is a 1970s, 2 bedroom home with open plan living and the most amazing views. Both properties have been well maintained and together they are currently returning $540 per week with scope to increase. The owner is keen for offers and at the asking price, the current rent shows a 7.6% gross return. Port Chalmers is a creative community and demand for renting these properties has always been strong. Take your pick as to which option suits you. I have a LIM report, wiring report and rental assessment available. Please be in contact for further information or I encourage you to attend the open home for this property.
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