Investor Alert - Cashflow Investment with Upside

6/27 Hanson Street, Mt Cook, Wellington - $975,875

We have found this 6 bedroom, 2 bathroom apartment within a complex of 18 known as “Hanson House”.

This sunny, modern and semi furnished apartment is ideal for the student market and is currently tenanted to a group of students until 10th Feb 2019.


Highlights:

Property Features: 6 br / 2 ba

  • Price: $975,875
  • Gross Yield: Currently 7%
  • Capital Value: $610,000
  • Rental Status: $1,320 p/w fixed till 10 February 2019
  • Rent Appraisal: $1,380 - $1,440 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $2,972
  • Estate Type: Stratum in Freehold
  • Floor Area: 137m2
  • Annual Body Corporate Fee: $9,000.14

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Additional Information

Looking for “arm-chair” cashflow investment in the heart of the booming Wellington market, then look no further!

We have found this 6 bedroom, 2 bathroom apartment within a complex of 18 known as “Hanson House”, built in 2004.

This sunny, modern and semi furnished apartment is ideal for the student market and is currently tenanted to a group of 6 until 10th Feb 2019.

Property details

  • All whiteware provided as part of the chattels
  • Purchase price $975,875
  • Currently rented at $1,320 per week to 10 Feb 2019
  • Rates $2,971.33 per annum
  • Body Corporate (including Insurance) is $9,000.14 per annum
  • Complex built in 2004
  • Current Gross yield of 7.03% on purchase

This apartment has a rental appraisal of $1,380-$1,440 per week, representing a healthy 7.6% Gross yield, or 6.4% NETT yield (after Body Corporate and Rates).

With current interest rates around 4.5%, there is good cashflow coming in each week.

Wellington market continues to look strong with increased student and rental demand driving rental growth and this apartment is right in the middle of it all and close to both universities and the Wellington hospital

Viewing by appointment only, so contact me today for expression of interest and then I can provide a LIM report (supplied by Vendor)

Amenities

Very close to all amenities, including hospitals and universities

https://youtu.be/fxfbzGsb-Bw

QV Property Report 6 27 Hanson Street Mount Cook Wellington 6021.pdf

Peter Ambrose
Licensed Salesperson - REAA 2008

peter@ifindproperty.co.nz
021 225 5753

Contact us about this property

Agent Contact Details

Peter Ambrose
Licensed Salesperson - REAA 2008

peter@ifindproperty.co.nz
021 225 5753

After 9 years of searching for a way to invest in an NZ rental property whilst in the middle east, I finally found iFindProperty. It was well worth waiting for. Not only have I now purchased my first rental property, I have gained an incredible amount of knowledge from working with a team of professional investors who have a lot more experience than myself to help me make informed and sensible decisions.

The entire team was there for me every step of the way, regardless of how many questions I asked! I feel like I have not only been introduced to an entire network of contacts, whom I hope to use going forward feel, but I have also gained friends..

Simon - expat Kiwi in Qatar

We decided to sell our much loved family home of 12 years so contacted someone whom helped us in the past, unfortunately he did not specialise in our current location and so we trusted his recommendation to Peter Ambrose.

I contacted Peter and we explained what we wanted after meeting and the rest was a blur as it happened so quickly. We found Peter friendly and easy to communicate with. His expertise was genuine and transparent, especially if there was something we needed clarified and unsure about. After first-hand experience we can now confidently and personally highly recommend Peter Ambrose and iFindProperty to others that need to go through what would normally be a stressful process of selling your property and home with ease and the least hassle.

Again, we express our thanks and much appreciation.

Ete and David

Searching for an investment property in NZ isn’t easy in a tight market and is even more difficult when you live overseas (even if it is just across the ditch!).

iFindProperty made it easy. Peter took the time find out what my requirements were and knows the local market and how it is changing. His great communication and extra help for an overseas buyer was amazing! I highly recommend Peter and the iFindProperty team as they make investing much more achievable and easier.