Location
- Inner City
With current rent of $445pw and priced at just $230,000, this great little apartment is a little cash machine... ching ching ching, I can hear the rent rolling into you account each month!
Situated on The Terrace, the location is prime for all the government and corporate employers in the CBD. You should never struggle with vacancy here.
* 2 bedrooms both with storage
* open plan kitchen / living / dining
* modern secondary glazing throughout the apartment ensures quiet privacy and warmth all year round
* very tidy and appears to be well maintained
* 2012 RV $210,000
* Rented for $445pw until 31st January 2016
* Rates $1,016.16pa
* Body Corp levies $5,426.32pa
* no earthquake strengthening required
* furnished, so your tenants can just move in
ESTIMATE CASHFLOW ANALYSIS:
* Gross Rent: $23,140pa
* Less Rates: $1,016.16pa
* Less Body Corp: $5,426.32pa
* Net Cashflow: $16,697.52pa
This represents a NET YIELD of 7.25% at the asking price. With mortgage rates currently well below this level, this represents a solid, positive cash-flow investment, in a high demand location.
This apartment really is a little cash machine. Contact Adam for more information today, and start preparing for your retirement!
Hi, my name is Adam.
I love Wellington real estate! I caught the bug after reading a Dolf De Roos book in 1998, and bought my first property in Adam's Terrace, Aro Valley, just before I headed off to London for a number of years. I kept buying property, mainly in London and Auckland, whilst living in the UK, returned back to Wellington in 2005, and have been selling Wellington real estate since 2007. Having started out in sales during the biggest recession since the 1930s, this means that I have had to develop good habits from the start, to make sure I deliver the best service, and achieve the best results, for my clients when they want to sell their Wellington real estate.
I have lived in many different neighbourhoods, including Wadestown, Kelburn, Ngaio, Thorndon, Highbury, Rongotai, Miramar and Seatoun. Wellington is a great city and we should be proud of it. It is vibrant and alive, it is the cultural and coffee capital of the country, it is beautiful whilst also being an easy city to live in, due to it's compact nature.
So if you are looking to buy or sell Wellington real estate, give me a call. I will follow up every lead and turn over every stone, to make sure we achieve the best results possible together.
I look forward to working with you.
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