Sold
2J/242 Taranaki Street,
Mount Cook, Wellington City
Price withheld
Property details
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Agents
Ray White Wellington City: Leaders Real Estate City Limited Licensed (REAA 2008)
Level 1/77 Thorndon Quay, Wellington Central Wellington City 6011
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Capital Cashflow - $2,700 net per month
Fully managed and maintained by the team at Massey University, The Cube Apartments provide the definition of a passive investment in the heart of the Capital City. Exclusively designated as student accommodation, the income stream is split between owners and paid monthly, meaning even if your apartment is not occupied you will still have an income.
Body corporate levies and management costs are deducted from your payments automatically so that payments made to you are pure net cashflow. The apartment has just undergone a fresh repaint, and maintenance is constantly reviewed by the onsite property management team.
This is an ideal location for students studying in Wellington and occupancy rates are increasing as the attraction of living in the Capital City is resurging. The location is central to the vibrant Cuba Street entertainment establishments, and an easy walk to the Massey University, the waterfront and main shopping precincts.
An onsite building manager monitors security and maintenance of facilities, ensuring your investment is constantly managed, maintained, and protected.
This type of property is ideal for the investor that does not want to spend their time constantly checking in on maintenance and dealing with tenant turnover. Out of town, overseas, or just busy with other aspects of life, secure an investment that requires no input or disruption to everyday living.
• Secure access building with swipe cards required at all entrances
• Building management onsite to care for day to day running
• All building expenses deducted and net payment received monthly
• Five bedrooms to provide larger share of rental pool
• Recently refreshed to secure longer term tenants
Viewing is only available to qualified buyers as it is occupied by students under the care of Massey University.
Body corporate levies and management costs are deducted from your payments automatically so that payments made to you are pure net cashflow. The apartment has just undergone a fresh repaint, and maintenance is constantly reviewed by the onsite property management team.
This is an ideal location for students studying in Wellington and occupancy rates are increasing as the attraction of living in the Capital City is resurging. The location is central to the vibrant Cuba Street entertainment establishments, and an easy walk to the Massey University, the waterfront and main shopping precincts.
An onsite building manager monitors security and maintenance of facilities, ensuring your investment is constantly managed, maintained, and protected.
This type of property is ideal for the investor that does not want to spend their time constantly checking in on maintenance and dealing with tenant turnover. Out of town, overseas, or just busy with other aspects of life, secure an investment that requires no input or disruption to everyday living.
• Secure access building with swipe cards required at all entrances
• Building management onsite to care for day to day running
• All building expenses deducted and net payment received monthly
• Five bedrooms to provide larger share of rental pool
• Recently refreshed to secure longer term tenants
Viewing is only available to qualified buyers as it is occupied by students under the care of Massey University.
Explore the area
School catchments
- Wellington High School and Com Ed Centre Secondary Years 9-15 State 0.26km
- Mt Cook School (Wellington) Full primary Years 1-8 State 0.31km
- St Mark's Church School (Mt Victoria) Full primary Years 1-8 Private 0.61km
- Te Aro School Full primary Years 1-8 State 0.76km
- Wellington College Secondary Years 9-15 State 0.77km
- Clyde Quay School Full primary Years 1-8 State 0.82km
- Wellington East Girls' College Secondary Years 9-15 State 0.93km
- Brooklyn School (Wellington) Full primary Years 1-8 State 1.1km
- Newtown School Primary Years 1-6 State 1.5km
- St Annes School (Newtown) Full primary Years 1-8 State integrated 1.5km
- Kelburn Normal School Full primary Years 1-8 State 1.7km
- Clifton Terrace Model School Full primary Years 1-8 State 1.7km
- Kilbirnie School Primary Years 1-6 State 1.9km
- Te Kura o Tawatawa - Ridgway School Full primary Years 1-8 State 2.1km
- Hataitai School Full primary Years 1-8 State 2.1km
- South Wellington Intermediate Intermediate Years 7-8 State 2.2km
- Northland School Full primary Years 1-8 State 2.3km
- St Patrick's College (Kilbirnie) Secondary Years 9-15 State integrated 2.4km
- St Mary's College (Wellington) Secondary Years 9-15 State integrated 2.5km
- Sacred Heart Cathedral School Full primary Years 1-8 State integrated 2.5km
- Wellington Girls' College Secondary Years 9-15 State 2.6km
- St Catherines College (Kilbirnie) Secondary Years 9-15 State integrated 2.6km
- Queen Margaret College Composite Years 1-15 Private 2.9km
- Altum Academy Secondary Years 7-15 Charter 3.0km
- Samuel Marsden Collegiate School Composite Years 1-15 Private 3.0km
- Rongotai College Secondary Years 9-15 State 3.4km
- Scots College Composite Years 1-15 Private 4.8km
- TKKM o Nga Mokopuna Composite Years 1-15 State 5.3km
- Onslow College Secondary Years 9-15 State 7.6km
- Wellington Hills Christian College Composite Years 1-15 State integrated 8.6km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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Contact Matt Ross
Contact Matt Ross
Matt Ross
2J/242 Taranaki Street, Mount Cook 6021
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Matt Ross
2J/242 Taranaki Street, Mount Cook 6021