Sold Property

3 Russell Street, Upper Hutt, Wellington

  • 290 m2

$671,300

All Spruced Up, Ready To Go

A new roof and exterior paint job ensures this building will provide an exceptional investment opportunity for its new owner. The building would make an excellent start or addition to your property portfolio, with two ground-floor commercial tenancies, and two well-presented apartments upstairs.

On the ground floor, Salon Cheveux has an immaculate and well-established business occupying one side, with Pukeko Therapy massage therapy leasing the opposite. The upstairs tenancies feature two 2-bedroom apartments, which are always in high demand.

Situated a short walk from the main shopping mall and railway station, the property is also adjacent to a large free car parking area. Upper Hutt is enjoying increasing popularity, with a growing population and residential property prices picking up as many homeowners find better value further from Wellington city suburbs. The city council is actively encouraging businesses to move to the area by offering attractive incentives.

KEY DETAILS
- Floor area: 290m2
- Land area: 202m2
- Built in 1965
- Two residential apartments, plus two commercial tenancies
- Gross income $56,139 approx per annum.
- Excellent CBD location Property ID: #WL10335

Show More

Sold Date

  • 21 February, 2020

Property features

  • Property Type: Other (Residential), Retail
  • Tenure: Fee Simple

Office

Harcourts Wellington City

Licensed under REAA 2008

Repayment Calculator

Est. bond $1920
  • 290 m2

Sold Property

3 Russell Street, Upper Hutt, Wellington

$671,300

All Spruced Up, Ready To Go

A new roof and exterior paint job ensures this building will provide an exceptional investment opportunity for its new owner. The building would make an excellent start or addition to your property portfolio, with two ground-floor commercial tenancies, and two well-presented apartments upstairs.

On the ground floor, Salon Cheveux has an immaculate and well-established business occupying one side, with Pukeko Therapy massage therapy leasing the opposite. The upstairs tenancies feature two 2-bedroom apartments, which are always in high demand.

Situated a short walk from the main shopping mall and railway station, the property is also adjacent to a large free car parking area. Upper Hutt is enjoying increasing popularity, with a growing population and residential property prices picking up as many homeowners find better value further from Wellington city suburbs. The city council is actively encouraging businesses to move to the area by offering attractive incentives.

KEY DETAILS
- Floor area: 290m2
- Land area: 202m2
- Built in 1965
- Two residential apartments, plus two commercial tenancies
- Gross income $56,139 approx per annum.
- Excellent CBD location Property ID: #WL10335

Property Features

  • Property Type: Other (Residential), Retail
  • Tenure: Fee Simple

Sold Date

  • 21 February, 2020
Request Live Stream Inspection
Harcourts Wellington City

Office Harcourts Wellington City Licensed under REAA 2008

Map Location

Get Directions

Need to sell before investing?

Need to sell before investing?

Whether an owner-occupier or an investor we can help you determine the worth of your current asset. Why not find out with a Property Appraisal, highlighting recent sales and leases, property returns, market insights and more?