26 Te Rau­paraha Street, Otaki

Buyer En­quiry From $385,000

Kapiti News - - News -

If you are a shrewd Welling­ton in­vestor look­ing to play the fu­tures mar­ket, you will be well aware of the move­ment North as a re­sult of the new su­per high­way. Here's a chance to buy a solid 1950s cot­tage at an en­try level price, ide­ally lo­cated for ten­ants just a few blocks North of the small Otaki town­ship with its shops and cafes. The street name that bares ref­er­ence to Te Rau­para­has orig­i­nal rest­ing place, is a guide as to the cot­tages prox­im­ity to the fa­mous Ran­giatea Church and its well recorded his­tory. On of­fer at num­ber 26 is a mod­est 100 sqm dwelling with its rough­cast con­crete ex­te­rior, and a full size sec­tion cov­er­ing 856 sqm with tan­dem garag­ing to the rear. The in­te­rior has been well main­tained and pre­served by its Kapiti own­ers, but still al­lows the po­ten­tial to upgrade the prop­erty even fur­ther. As it stands the cot­tage has 2 dou­ble bed­rooms, a study, open liv­ing/din­ing, orig­i­nal kitchen, a mod­i­fied bath­room, and a new colour steel iron roof in 2013. An ideal prop­erty for in­vestors as the po­ten­tial ex­ists for fur­ther cap­i­tal in­vest­ment, along with the pro­jected in­crease in the growth curve mak­ing for a good long term hold. With bank in­ter­est rates at his­tor­i­cally low lev­els, now is the per­fect time to be do­ing this for cap­i­tal gain to se­cure your re­tire­ment.

Lynda Price

P 04 9044215

M 027 6854848

E [email protected]­myskapiti.co.nz

REF: K3848

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