Wellington City Median PriceWellington City Median Rent | Map | Street view | Nearby | Transport | Property Description: | SET AND FORGET PROPERTY INVESTMENT
Here is a hassle free, low maintenance investment with an attractive nett rate of return - 6.5% (conservative estimate). This is calculated at $215,000 asking price.
Excellent occupancy record. Long term management contract with Massey University ensures minimum monthly income is guaranteed (i.e. occupied or not).
•Last year's (2015-2016) average monthly net income $1,231.00 (including rates) •3 bedrooms - student accommodation - rented by the room •2016-2017 gross room rental $195 / room / week •(i.e. $585 / week gross for 3 rooms) •Efficient well managed student accommodation complex •The Cube on Taranaki Street is a high demand student residence option •A well established and proven investment performer
$215,000 (BEO) ensures your returns should comfortably achieve 6.5% nett per annum. As bank interest rates remain low this has to be great buying for savvy investors.
Call now to find out how it works.
(N.B. Investment only option - NOT FOR OWNER OCCUPIERS).
For more information contact John Kettle - Apartment Specialist EM: jkettle@tommys.co.nz MB: +64 27 443 1355 | Property valuation from Government |
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