Ray White Wellington City
Real Estate Services, Real Estate Agents
- Listing #:
- BDN34615
- Listed:
- 106 days ago
Asking Price: $180,000
Solid Investment Cashflow - $180,000, 6.8% nett
608/35 Abel Smith Street, Te Aro, WellingtonStudio
-
- 1 Bedroom
-
- 1 Bathroom
-
- 1 Ensuite
-
- 1 Toilet
About this property
A sunny studio unit is on offer in the renowned Southern Cross Apartments. Central to the vibrant Cuba Street entertainment establishments, and an easy walk to the CBD, this low maintenance apartment is within walking distance to Universities. A prime student retreat away from the hustle and bustle of halls of residence, peace and study can be the primary focus. These apartments have historically low vacancy rates being so accessible to all the city has to offer and with Wellingtons traditional rental season commencing in January now could be the optimal time to take action..• Secure access building with swipe cards required at all entrances
• Low maintenance well run body corporate covering building insurance and common areas
• Sunny apartment with private ensuite
• Historically low vacancy, consistent tenant appeal
• Vacant possession with settlement to suit your needs
• Body corporate levy - $5,825.88
• Council rates - $1,369.39
• Rental Appraisal $350-$390 per week (previously rented for $375 per week)
If you are wanting to lock in tenants ready for Wellington's busy rental season at the start of the New Year, this yield has been set to ensure the property provides cashflow from the outset.
The property has been priced to indicate the vendors firm inclination to sell, all offers are welcome.
*The nett yield of 6.8% has been calculated based on the previous tenant paying $375 per week, across 52 weeks of the year, and deducting the annual body corporate levy and Wellington City Council rates.
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