Excellent Investment Opportunity

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

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Main Property Features

Listing Number: WL24885

Property Type:
Apartment
Tenure:
Stratum in freehold
Approx year built:
1990
Unit style:
Hotel / strata, Highrise, Number in block: 122, Number of levels: 15
Construction:
Block
Joinery:
Steel
Flooring:
Tiles and Carpet
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
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Licensed REAA 2008

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Harcourts Wellington City

Team Wellington Ltd

Licensed REAA 2008

Level 1, 54-56 Cambridge Terrace
Te Aro
Wellington
Office website or View office details

Property Location