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ID#346464
Mt Cook
Wellington Central
Tender
4
1
87m²
(936.46 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
CITY FRINGE CA$H COW - TENDER BEO $399,000
OUT OF TOWN OWNERS WANT IT SOLD
Ching - ching - ching. That's the sound of the rent rolling into your bank account from this city fringe cash machine. Like clockwork.
If you are looking for:
* HIGH DEMAND CITY FRINGE LOCATION: close to supermarket, hospital, convenience shops, parks, buses, universities, cafes, parks, and the city. You will always have plenty of tenants wanting to rent this property.
* LOW EFFORT - LOW MAINTENANCE: modern construction (all checked out with a builder report available) means it is warm for the tenants, and it doesn't eat your valuable time with maintenance.
* HIGH INCOME: strong cash-flow, combined with low mortgage rates, means it should produce a steady & reliable stream of positive cash-flow. Passive income is what you need in order to retire.
Then you need to check out this excellent investment apartment.
* Rented for $700pw until 20 Jan 2016.
* Four generous double bedrooms.
* One bathroom.
* Modern construction, insulated, warm. Tenants love it.
* Close to everything, but down a quiet lane for peace and privacy.
* Small block of just 7 purpose built apartments.
CASHFLOW ANALYSIS:
* RENT: $700pw = $36,400pa Gross (Gross yield of 9.1% at the BEO price)
* Less RATES: $1,801.57pa
* Less BODY CORP: $3,696pa
* NET RENT: $30,902.43pa
That's a gross rent of 9.1% or a net rent of 7.75% pa at the BEO guide price. Big cash-flow.
LIM & Builders Report available to qualified buyers.
For sale by TENDER (if not sold prior) with a guide price of BEO $399,000.
Contact Adam for more details.
Keywords
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.
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