INVESTORS / PARENTS - BE QUICK!

Unit Sold - Mount Cook Wellington

7.05% NETT RATE OF RETURN (Estimated)
Based on current rent $850.00 / week. (i.e. $44,200 annual income). Investment calculations allow for B Corp Fees, Rates and $3,000 / yr repair budget.
This too is a very smart financial solution for parents seeking accommodation for their children at University etc. Very handy location to Massey University campus, and or Wellington Hospital for Med Students.

PROPERTY VALUES:
Huge space – 105m2 floor area.
• Five (5) big bedrooms all large enough to include desk
• Two (2) bathrooms
• Large open plan Kitchen / Dining / Lounge area
• Fully furnished
• Comprehensive chattels list
• Warm and dry
• Well managed apartment block
• Very efficient Body Corp, reasonable Body Corp fees

This is a great opportunity to extend your property portfolio. Latest rental assessment says this is under-rented, suggesting a $1000 weekly rental is more appropriate. (This puts a $465,000 purchase price producing a nett rate of return over 8.5%). Also, if this purchase is for your children at University here is a nice central place for them to live during their important tertiary study years – while the flatmates pay off your mortgage.

See it for yourself. (Viewing by appointment only).