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