Very rarely does the opportunity arise to purchase 3 spacious apartments on 1 title in such a sought after location!
With an NBS of 90%, 5.4% net return and with a huge rental upside and potential to add further bedrooms, this is one of the finest investment opportunities in the city end of Mount Victoria we've seen for a long time!
- 6 Bedrooms + 2 bathrooms + 2 showers....200 sqm approx
- 5 Bedrooms + 2 bathrooms + 2 showers....190 sqm approx
- 3 bedrooms + 1 bathroom + 1 shower......120 sqm approx
- Floor Area 508sqm approx
- Combined rents: $4,020 per week. Annual Gross Income $209,040
- Body Corporate Levy: $22,684 p.a includes Building Insurance and a 1 year loss of rents
- WCC Rates: $8,278 p.a
- Fire alarm maintenance $552 p.a
- 3 secure car parks
- NBS minimum 90%
At a Glance
Income $209,040 p.a
Expenses $31,514 p.a
Total $177,526 p.a net return
Asking price of $3,300,000 gives you a 5.4% net return on investment
Strictly by Appointment call Chris to confirm a time :
Tuesdays 1:00 pm - 2:00 pm & Thursdays 1:00 pm - 2:00 pm
With the OCR now the lowest it's ever been, why lock your capital away in low interest-bearing accounts or the uncertainty of the share markets? Its common knowledge that there is a critical shortage of rental accommodation in Wellington. With the population of Wellington set to increase in the short to medium term, this will increase the desirability and value of this type of real estate.
For a full information pack call Chris Yiavasis on 021499350.