INVESTORS BE QUICK - 7.0% NETT R.O.R.

Apartment Sold - Te Aro Wellington

LOW COST PROPERTY INVESTMENT

Here is a hassle free, low maintenance investment with an outstanding nett rate of return – 7.0% (conservative estimate).

INCOME:
• Currently under rented at $320 / week
• Rental appraisals say it should be min $360 / week
• Property Guru Market Rent Report has average and median rents ranging from $360 – $378 / week
• $350 / week is a gross income of $18,200
• 7.0% nett r.o.r. equals a $187,002.29 purchase price
• Therefore real potential for immediate upside

EXPENSES:
• Body Corp fees $4,188.07 / yr
• WCC rates $921.77 / yr

PROPERTY VALUES:
40 sqm floor area. 1 bedroom, 1 bathroom, Open plan kitchen and living. West facing aspect.
Very rentable. High demand rental location (The Terrace). Victoria University in close proximity. Very central Mid-City location. Apartment has enduring appeal. Compact and highly functional floor plan. Simple out-goings. Well managed building. Excellent Body corp secretary.

Call now to find out more.

John Kettle – Apartment Specialist
EM: [email protected]
MB: +64 27 443 1355