Sold
608/35 Abel Smith Street,
Te Aro, 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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Solid Investment Cashflow - $180,000, 6.8% nett
A sunny studio unit is on offer in the renowned Southern Cross Apartments. Central to the vibrant Cuba Street entertainment establishments, and an easy walk to the CBD, this low maintenance apartment is within walking distance to Universities. A prime student retreat away from the hustle and bustle of halls of residence, peace and study can be the primary focus. These apartments have historically low vacancy rates being so accessible to all the city has to offer and with Wellingtons traditional rental season commencing in January now could be the optimal time to take action..
• Secure access building with swipe cards required at all entrances
• Low maintenance well run body corporate covering building insurance and common areas
• Sunny apartment with private ensuite
• Historically low vacancy, consistent tenant appeal
• Vacant possession with settlement to suit your needs
• Body corporate levy - $5,825.88
• Council rates - $1,369.39
• Rental Appraisal $350-$390 per week (previously rented for $375 per week)
If you are wanting to lock in tenants ready for Wellington's busy rental season at the start of the New Year, this yield has been set to ensure the property provides cashflow from the outset.
The property has been priced to indicate the vendors firm inclination to sell, all offers are welcome.
*The nett yield of 6.8% has been calculated based on the previous tenant paying $375 per week, across 52 weeks of the year, and deducting the annual body corporate levy and Wellington City Council rates.
• Secure access building with swipe cards required at all entrances
• Low maintenance well run body corporate covering building insurance and common areas
• Sunny apartment with private ensuite
• Historically low vacancy, consistent tenant appeal
• Vacant possession with settlement to suit your needs
• Body corporate levy - $5,825.88
• Council rates - $1,369.39
• Rental Appraisal $350-$390 per week (previously rented for $375 per week)
If you are wanting to lock in tenants ready for Wellington's busy rental season at the start of the New Year, this yield has been set to ensure the property provides cashflow from the outset.
The property has been priced to indicate the vendors firm inclination to sell, all offers are welcome.
*The nett yield of 6.8% has been calculated based on the previous tenant paying $375 per week, across 52 weeks of the year, and deducting the annual body corporate levy and Wellington City Council rates.
Explore the area
School catchments
- Mt Cook School (Wellington) Full primary Years 1-8 State 0.36km
- Wellington High School and Com Ed Centre Secondary Years 9-15 State 0.47km
- Te Aro School Full primary Years 1-8 State 0.57km
- St Mark's Church School (Mt Victoria) Full primary Years 1-8 Private 0.77km
- Clyde Quay School Full primary Years 1-8 State 0.83km
- Wellington College Secondary Years 9-15 State 0.97km
- Wellington East Girls' College Secondary Years 9-15 State 1.1km
- Brooklyn School (Wellington) Full primary Years 1-8 State 1.3km
- Clifton Terrace Model School Full primary Years 1-8 State 1.5km
- Kelburn Normal School Full primary Years 1-8 State 1.5km
- Newtown School Primary Years 1-6 State 1.7km
- St Annes School (Newtown) Full primary Years 1-8 State integrated 1.8km
- Kilbirnie School Primary Years 1-6 State 2.1km
- Northland School Full primary Years 1-8 State 2.1km
- Hataitai School Full primary Years 1-8 State 2.2km
- St Mary's College (Wellington) Secondary Years 9-15 State integrated 2.3km
- Sacred Heart Cathedral School Full primary Years 1-8 State integrated 2.3km
- Te Kura o Tawatawa - Ridgway School Full primary Years 1-8 State 2.3km
- Wellington Girls' College Secondary Years 9-15 State 2.4km
- South Wellington Intermediate Intermediate Years 7-8 State 2.5km
- St Patrick's College (Kilbirnie) Secondary Years 9-15 State integrated 2.6km
- Queen Margaret College Composite Years 1-15 Private 2.7km
- Altum Academy Secondary Years 7-15 Charter 2.8km
- St Catherines College (Kilbirnie) Secondary Years 9-15 State integrated 2.8km
- Samuel Marsden Collegiate School Composite Years 1-15 Private 2.9km
- Rongotai College Secondary Years 9-15 State 3.6km
- Scots College Composite Years 1-15 Private 5.0km
- TKKM o Nga Mokopuna Composite Years 1-15 State 5.5km
- Onslow College Secondary Years 9-15 State 7.4km
- Wellington Hills Christian College Composite Years 1-15 State integrated 8.4km
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
Matt Ross
608/35 Abel Smith Street, Te Aro 6011
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Matt Ross
608/35 Abel Smith Street, Te Aro 6011