BRAND NEW DUAL INCOME APARTMENT

Listing Number:  2071
Posting Date:  08 February 2012






 
Price:$363,000
Listing:BRAND NEW DUAL INCOME APARTMENT
Type:Apartment
Category:Private Sale
Bedrooms:2
Bathrooms:2
Region:Wellington
Site Area: 
Address: Login
Building Area:57 m2
Property Image

Description:

Brand new apartment with dual income to give a 9.1% gross yield.

Built to a high standard with great natural light. Completed in December 2011

Configured as a self contained studio and a 1 bedroom apartment to give maximum return.

The studio is fully furnished rent appraised at $275-$290 per week. The 1 bedroom has whiteware, large windows and a balcony off the living. Rent appraised at $355-$370 per week. The 9.1% gross is based on the lower figure of rent of $635 per week. Body corp fees will be $3,800, not sure of rates but could be around $1,800.

On level 5 this sunny corner apartment is North/East facing. Total floor area is 57.2sq m + 4.7 sq m balcony
We own one in the building and found it easy to get great tenants and they are very happy living there.

Contact us for more info or viewing

For an out of town purchaser I would manage the property for a year for free