Wellington Central 5B/126 The Terrace

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. Contact Adam for more information today, and start preparing for your retirement!

See more at: www.nz.open2view.com/properties/342887

Property Information

• Floor area approx 50sqm