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  • 1 bed
  • 1 bath

4G/163 The Terrace Wellington Central

For Sale
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Increase Your Cash Flow: Net Yield = 6.3%

Are you open-minded- Instead of leaving your money in the bank and getting a minimal return, why not invest your money in this apartment and get better returns. Having a very good tidy tenant in place and with a Net yield of 6.3% (based on 52 weeks of the current rental income - $410 per week), this surely beats the bank's return.

Property Features:

  • Cute 1 bedroom, 1 bathroom studio

  • Clever layout with no wasted space.

  • WCC NBS rating 72%

  • Centrally located to shops, restaurants, public transport. Located mid-way along The Terrace. In perfect proximity to the Victoria University (Kelburn and Pipitea), Lambton Quay, Parliament and the motorway.

  • Fully furnished (excludes small utensils)

  • Foldaway bed (lifts up) - a great way to give you space when entertaining

  • Hideaway laundry in the kitchen

  • Local building restaurant/cafe (ground level)

  • Council Rates: $875.79 per year

  • Body Corp Levy: $4714.48 per year

Location

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