Te Aro 170 Taranaki St

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

Property Information

• Floor area approx 59sqm