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Listed about 5 years ago

ID#445171

Te Aro

Wellington Central
BEO $168,000
3
1
Approx
130
(≈1,399.31 sq.ft.)
proudly marketed by
Phil Mac
Leaders Real Estate (1987) Ltd Licensed REA Act 2008
Phil
0210576489
Message Me

15% - 15.9% NET YIELD - 3 BEDROOM APARTMENT

WOW! What an appealing price!

The apartment building is currently in the process of planning remediation work. Due to this, it is only suitable to 'cash buyers'. If you are a 'cash buyer' and open to being part of this design and decision making process, contact me now.

Those thinking of investing this property offers GOOD RENTAL RETURNS for the price you are buying at. It is currently rented at $650 per week BUT the NEW RENTAL APPRAISAL shows that you can get more! New rental appraisal is at $660 - 690 per week. Therefore the Net Yield is approx 15% - 15.9% (based on 52 weeks).

Located in Central Wellington and only a few minutes walk to the main business & entertainment district, this 3 bedroom apartment is one you can get VALUE for. It is available to occupy or rent out.

The apartment offers a U-shaped kitchen with an open plan dining & lounge which leads to the 1st balcony - a great place to enjoy the city views with a nice hot drink with the morning sun beaming down. The 2nd balcony is connected to master bedroom on the opposite end in which you can enjoy a nice cool drink in the afternoon sun.

The apartment has a long hallway which creates good separation between bedrooms and the kitchen/lounge - a great way to reduce disturbing one's sleep plus also enjoy late movie nights and midnight feasting/cooking. Even better, there is a separate toilet that accommodates to the lounge/kitchen area of the apartment.

Features include: - 130m2 - 3 x bedrooms - 1 x bathroom with toilet, plus a separate toilet in the lounge area - 2 x balconies - Swimming Pool

Body Corp: $7,950.51 per year
Council Rates: $1,185.92 per year
Contact me now for information pack with DISCLOSURES (Weather tightness Issues & Seismic Issues, with currently unknown cost of remedial work) - Phil.mac@raywhite.com or 021 057 6489

Agency reference #: BDN21901

Keywords

Features

  • Swimming Pool

Location

  • Inner City

Property Type

  • Investment

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Agent

Phil Mac

Leaders Real Estate (1987) Ltd Licensed REA Act 2008

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

The 3 most important things in life is your health, your family, and your largest asset which is usually, one’s property. Phil Mac is very passionate about helping people. He has helped countless number of people with improving their health and was very successful in that department. He is also very involved with his family and continues to strive, providing them with the best in life. His current goal is to help his community and people with their largest asset (property) and get them the best price they deserve.

His success comes from focusing on his client’s needs, dedicating 100% of himself, and utilizing his skills, knowledge & methods to make a fantastic sale. With the superior Advance Internet Marketing of Ray White, plus his dedicated work ethic, Phil Mac gets you RESULTS!.

If you are wanting someone who will purely focus on your needs and will get results, contact Phil Mac and he will show you what he can do.

Vendor Testimonials:

Vicky Davy
"My knight in shining armour. From a phone call out of the blue to settlement day Phil has been amazing, continually looking after my best interests. Not only did he listen to what was important to me in selling my house, he also stood back and gave me room to breathe when things got tough. The only agent I have ever dealt with that I believe was truly working 100% for me if I ever sell another house (sorry Phil not planning to) he will be my first port of call."

Phil Raben
"Top bloke is phil. He sold my unit. He was upfront and honest from the get go. Throughout the sale he was proffessional and extremely motivated to get the job done. He kept me in the loop right throughout it all. In the end he broke the sale record within that apartment complex by a huge margin. All the while he's friendly, approachable and has a sense of humor."

Geir B.
"Thank you Phil. Your work ethic & persistence achieved me the best result. "After the result Phil achieved, I believe experience does not necessarily mean better. Work ethic, skills & hustle makes the sale. Whilst my apartment was on the market, Phil informed me that other, almost identical apartments are also listed with more experienced agents. These agents sold their apartments quickly. Weeks later, Phil sold my apartment for $22,500 more than what the other agents achieved. He set the record in the Apartment complex"

Agam & Silvi
"We requested Phil to sell our property in Lower Hutt. The open home was in August 2017 then sold in September 2017. Phil delivers every details of the property to potential buyers and reaches our high price expectation. He is a young agent who is smart, professional and reliable. Truly recommended him to every one".

Jan & Ngaire
"Hi Phil What exciting news about the sale of the apartment, we are thrilled! The whole process has been fast and furious - with a sale at the price we were seeking within 3 weeks, awesome! You have kept us well informed, the information provided was clear and you certainly walked us through our requirements along the way. This was really appreciated. At no point did we feel pushed or pulled into making any decisions. We would highly recommend your services to anyone. Many thanks"

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This property was photographed by

David Garratt

Wellington Central/North

ID#445171

Te Aro

Wellington Central
BEO $168,000
proudly marketed by
Phil Mac
Leaders Real Estate (1987) Ltd Licensed REA Act 2008
Phil
0210576489
Message Me

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