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ID#295187
Te Aro
Wellington Central
$379,000
2
2
59m²
(635.07 sq.ft.)
proudly marketed by
Adam Cockburn
Lowe & Co Realty
INVESTORS: TWICE THE CASHFLOW!
You do the numbers...
* Rent: $665pw
* Price: $379,000
* Gross Yield: 9.1%
* NET Yield: 7.4%
* Catch: None
This is a dream investment property, for savvy investors looking for big cashflow, two incomes, central city location, in a modern purpose built building that is fully compliant with the latest building and earthquake requirements.
This property consists of TWO self contained apartments on one title - a 1-bedroom apartment plus a fully furnished self-contained studio apartment.
Tenants love modern central city apartments - they are close to everything, they are new and clean, and they are warm. In addition, one bedroom and studio apartments are hugely popular with young professionals who want location and privacy.
Details include:
* 1-bed apartment rented for $365pw until July 2014 (whiteware included)
* Studio apartment rented for $300pw (plus $25pw for power, periodic, fully furnished)
* Total rent $665pw = $34,580pa
* Each apartment has a private deck overlooking western Te Aro to the Kelburn hills
* South-West corner for afternoon sun and street aspect
* Superb central location, between Courtenay Place and the Cuba St precinct, with multiple bars, cafes, restaurants, cinemas, the CBD and waterfront just a short walk away
* The new Lighthouse Cuba cinema and the Havana Bar are both on Wigan St, about 100m away
* 2012 RV $350,000
* Rates TBA (recently circa $1,500pa)
* BC levies $5,117.28pa
This apartment produces fantastic positive cashflow (7.4% net yield at the asking price), in an awesome high-demand location, in a fully compliant building. It is a truly set-and-forget investment.
Contact me (Adam) for more information, or to view, today, and start your journey towards retirement!
ONE OPEN HOME ONLY
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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