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.
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.
- 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)
Very close to all amenities, including hospitals and universities
Licensed Salesperson - REAA 2008
021 225 5753