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ID#344284
Wellington
Wellington Central
BEO $120,000
1
1
Approx
20m²
(≈215.28 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
Massive Cashflow in the City - BEO $120,000
Sometimes the best things come in small packages!
No, this isn't a diamond ring, but it will make you much more money!
This bite-size apartment is just like a little slot machine... ching - ching - ching... thats the sound of the money rolling in each month.
This central city studio apartment has all the kit required for comfort, with all the convenience of an address on The Terrace. Walk to everything, right at your door step. Currently rented for $260pw, how can you go wrong? Relax and enjoy the ching - ching- ching of your bank balance as it g-r-o-w-s each week!
* Rented for $260pw until 04 Sept 2015
* Open plan kitchen / living / bedroom
* Good natural light
* City views
* Safe & secure with stylish lobby area
* Massively popular rental zone
* Excellent cash flow
* RV $106,000
* Rates $581.61pa
* Body Corp $2,718.56pa
CASHFLOW ANALYSIS:
* Gross Rent: $13,520pa
* Less BC Levies: ($2,718.56)
* Less Rates: ($581.61)
* Net Rent: $10,219.83
This represents a massive 8.5% NET YIELD at the asking price. With mortgage rates very low indeed, this is a truly set and forget positive cashflow investment.
Give me (Adam) a call today and come check out this little slot machine.
Keywords
Property Type
- Investment
Agent
Adam Cockburn
Lowe & Co Realty
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
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.
read moreThis property was photographed by
David Garratt
Wellington Central/North
ID#344284
Wellington
Wellington Central
BEO $120,000
proudly marketed by
Adam Cockburn
Lowe & Co Realty