5B/126 The Terrace Wellington Central, 60 NZ
7.25% Net Yield - $230,000 - Price Reduced
7.25% Net Yield - $230,000 - PRICE REDUCED
With current rent of $445pw and priced at just $230,000, this great little apartment is a little cash machine... ching ching ching, I can hear the rent rolling into you account each month!
Situated on The Terrace, the location is prime for all the government and corporate employers in the CBD. You should never struggle with vacancy here.
* 2 bedrooms both with storage * open plan kitchen / living / dining * modern secondary glazing throughout the apartment ensures quiet privacy and warmth all year round * very tidy and appears to be well maintained * 2012 RV $210,000 * Rented for $445pw until 31st January 2016 * Rates $1,016.16pa * Body Corp levies $5,426.32pa * no earthquake strengthening required * furnished, so your tenants can just move in
ESTIMATE CASHFLOW ANALYSIS: * Gross Rent: $23,140pa * Less Rates: $1,016.16pa * Less Body Corp: $5,426.32pa * Net Cashflow: $16,697.52pa
This represents a NET YIELD of 7.25% at the asking price. With mortgage rates currently well below this level, this represents a solid, positive cash-flow investment, in a high demand location.
This apartment really is a little cash machine.
Sold $223,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Alen Moshi