59 Halswell Street, Wanganui (Halswell Mews)
Although outside our usual “hunting ground”, this opportunity offered all the ingredients of our regular residential purchases. A large land holding of 3.5 acres together with 23 rental apartments, a manager’s house and the potential to add a further six quality homes.
Local builder Devon Homes has erected four new dwellings on our behalf and undertaken a complete refurbishment of the remaining units.
The property has attracted mainly mature couples and singles reflecting an ideal freehold Retirement Village alternative at prices ranging from $98,000 through to $295,000 for a 3 bedroom home.
This purchase demonstrates our appetite to pursue the slightly unusual, providing the basic real estate fundamentals are present.
Perhaps the excellent trout fishing opportunities in the vicinity had some influence on the decision to purchase!