[SOLD] 2 Monvie Apartments - One Title

104/15 Holland Street, Te Aro, Wellington - $478,300

This well-appointed spacious 1 bedroom apartment + studio (dual key) is sure to appeal to astute investors!


Highlights:

Property Features: 1br + Studio Dual Key

  • Price: $478,300
  • Gross Yield: Currently 7.3% Potentially 8.8%
  • Capital Value: $365,000
  • Rental Status: (103) $295 p/w (fixed until 20 Jan 2019)
    (104) $385 p/w (fixed until 11th Nov 2018)
    TOTAL = $680 p/w
  • Rent Appraisal: (103) $350 - $360 p/w
    (104) $450 - $460 p/w
    Total $800-$820 p/w (furnished)
    Written Appraisal available to potential purchaser

    Air BNB: $140 gross per night per unit
    TBC in writing
  • Annual Rates: $1,907
  • Estate Type: Stratum in Freehold
  • Floor Area: 66m2
  • Annual Body Corporate Fee: $5,755, increasing to $6,600

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If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

About the Property

Located in a very well-designed property, both units in this dual-key property offer all the modern comforts. Stylish kitchens with quality appliances, deck, open plan living, in a modern and secure building that is EQC compliant and has a well run Body Corporate. These apartments are sought after by tenants as they are close to Courtenay Place and major businesses.

Once fully furnished these units will return strong positive cashflow, which you could boost further by converting one (or both) to lucrative short-stay "AirBNB" accommodation. There are already others in this building fetching around $140 per night!

Please see the relevant information below:

  • The two apartments comprise 66 sqm, so bank lending friendly
  • The Building was completed in the late 2000’s
  • The Building is signed off by the Wellington City Council as EQC compliant
  • Body Corp Fees: $5,755 pa PLEASE note Body Corp fees include re-insurance and will be increasing to $6,600 pa
  • Wellington City Council Rates: $1,907 pa

We have sold other dual key apartments in this building previously and these will go quickly, so contact me today if you are tired of looking in vain for good cashflow and want to invest in what I think is the best dual-key property in Wellington!

Amenities

Holland St is in the heart of Te Aro and is very convenient to Victoria University, The Basin Reserve, Cuba St and the CBD.

iFindProperty Peter Ambrose

Peter Ambrose
Licensed Salesperson - REAA 2008

peter@ifindproperty.co.nz
021 225 5753

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Agent Contact Details

iFindProperty Peter Ambrose

Peter Ambrose
Licensed Salesperson - REAA 2008

peter@ifindproperty.co.nz
021 225 5753

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Our needs were a little different. Peter had the challenge of finding us an investment property that we would also be living in for the first 5 years.

Peter educated us on how investment properties can work for us as a family. He was super patient as he took the time to show us multiple properties throughout Wellington. When the time came to make a move on an apartment, we fully trusted his ability to provide measured advice for us to move quickly, and we are delighted with our purchase.

Maree and Peter have been great to work with and have been so considerate of our needs. We came to iFindProperty through Bentham's brother who had previously purchased two properties through them – it was certainly a worthwhile recommendation.

Bentham Ohia & Kate Cherrington

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.