Te Aro 28/S103A Torrens Tce

Investing is an art, after a while you get really good at understanding the benefits of low maintenance, well managed and good occupancy levels, it would be at this point you realize how good this proposition is, usually with an 8+% sized yield its something a bit on the undesirable side - NOT THIS TIME:

Stylish Modern compliant construction - = easy to rentLow Maintenance did you get that, LOW MAINTENANCE - = minimum repair bills Great Yield, Park this one and forget it, the rental will pay the mortgage off and in 20 years time your will own it freehold (subject to your mortgage terms and market conditions).One of the best managed complex in Wellington with tight management controls = you have nothing to do sit back relax and know the place is tightly run and controlled by the best in the industry (Kelvin Taylor Property Plus Property Management) = peace of mindTidy respectful tenants = buy and cash-flow rolls from day oneExcellent location in the complex with doors opening out onto court-yard = easy to keep rented
Two apartments (a 2 bedroom, and a studio) on one title = two income streams, only one set of body corp and rates = smart investment.

RV: $520,000

S103 - 2 x bed = 490 pwk
S104 - 1 x bed (furnished) = 320 pwk
Carpark (31) = $60 pwk

Total Weekly Rental: $870 pwk = $45,240 per annum

Rates: $2311 per annum (apartment only)
Body Corporate: $4286 per annum (apartment only)

Property Information

• Floor area approx 93sqm

Property Features

• Uncovered Carspaces 1