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Excellent Investment Opportunity

Wellington Central, 6H/120 The Terrace

$179,000

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Listing Number: WL24885
About this listing
This is hassle-free property ownership and an ideal addition to your investment portfolio. On leaseback to the Quest Hotel group, this 30sqm studio in a desirable location on The Terrace, is well managed for you by Quest who offer a guaranteed return on your investment.
With a recent furniture package upgrade valued at $5,000 this studio apartment has been realistically priced at $179,000 inclusive of GST providing for a nett return of 5.7% pa after Body Corp and Rates. With the potential for capital gain thrown into the mix why not utilise the funds in your underperforming savings account and put it into something worthwhile.
6H/120 The Terrace features an open plan kitchen, living and bedroom area with modern fittings and furnishings. The apartment is fully furnished with a complete chattel list available. Quest ensures secure access and insurance is included in the Body Corporate fee. The building is earthquake compliant according to the Wellington City Council with an NBS of 41%.
Body Corp fee $3187 pa
Rates $2567.62 pa
Rent received $1331.43 per month; $15977.16 pa
Property Information
  • Tenure: Stratum in freehold
  • Approx year built: 1990
  • Property Type: Apartment
  • Unit style: Hotel / strata, Highrise, Number in block: 122, Number of levels: 15
  • Construction: Block
  • Joinery: Steel
  • Flooring: Carpet and Tiles
  • Window coverings: Drapes
  • Heating / Cooling: Electric
  • Chattels remaining: See chattel list
  • Kitchen: Separate oven and Finished in Laminate
  • Living area: Open plan
  • Main bedroom: Double
  • Main bathroom: Separate shower
  • Laundry: In kitchen
  • Views: City
  • Aspect: East
  • Water heating: Electric, litres: 125
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to transport, Close to shops
  • Legal details
    • Body corp fee $: 3187.00

Contact Details

Property Location

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