Sold
1-4/121 Hill Street,
Thorndon, 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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Four Flat ATM !!
Buyer Enquiry Over $1,250,000
UNDER CONTRACT
High-yielding four-flat, unit-titled property in a prime city fringe location.
Key Features:
* Exceptional Cashflow: Gross current annual rental income of $115,960,000 per annum
* Property Type: Four spacious, self-contained two-bedroom apartments, two with studies
* Legal Status: All units are Unit Titled, offering flexibility for individual sale in the future
* Compliance: All units meet current Healthy Homes standards, minimizing immediate compliance costs
* Location: Highly desirable city fringe area, offering an easy walk to the CBD, Beehive (Parliament), major supermarket and Thorndon Village amenities, seconds to the motorway North and South
* Tenant Appeal: Tenants appreciate the generous size of the units and the unbeatable location
Unit Breakdown and Current Tenancy Status:
Unit 1
* 2 Double Bedrooms
* 60 sqm
* $575 per week
* Fixed tenancy till January 2027
Unit 2
* 2 Double Bedrooms plus study
* 60 sqm
* $600 per week
* Fixed tenancy till January 2027
Unit 3
* 2 Double Bedrooms
* 90 sqm
* $545 per week
* Fixed tenancy till January 2027
* new interior paint job just completed
Unit 4
* 2 Double bedrooms plus study
* 100 sqm
* $510 per week
* Fixed tenancy till 14 April 2026
This property offers an incredible cash flow potential from day one, appealing strongly to investors seeking high-yield assets in a premium location.
Rates: $15,109.76 pa
Gross Annual Income: $115,960,000 pa
Price Indication: Buyer Enquiry Over $1,250,000
Gross Yield: (Based on $115,960k) 9.75% (approx.)
Cash Flow: Strong positive cash flow from settlement!
Viewing only at open homes.
UNDER CONTRACT
High-yielding four-flat, unit-titled property in a prime city fringe location.
Key Features:
* Exceptional Cashflow: Gross current annual rental income of $115,960,000 per annum
* Property Type: Four spacious, self-contained two-bedroom apartments, two with studies
* Legal Status: All units are Unit Titled, offering flexibility for individual sale in the future
* Compliance: All units meet current Healthy Homes standards, minimizing immediate compliance costs
* Location: Highly desirable city fringe area, offering an easy walk to the CBD, Beehive (Parliament), major supermarket and Thorndon Village amenities, seconds to the motorway North and South
* Tenant Appeal: Tenants appreciate the generous size of the units and the unbeatable location
Unit Breakdown and Current Tenancy Status:
Unit 1
* 2 Double Bedrooms
* 60 sqm
* $575 per week
* Fixed tenancy till January 2027
Unit 2
* 2 Double Bedrooms plus study
* 60 sqm
* $600 per week
* Fixed tenancy till January 2027
Unit 3
* 2 Double Bedrooms
* 90 sqm
* $545 per week
* Fixed tenancy till January 2027
* new interior paint job just completed
Unit 4
* 2 Double bedrooms plus study
* 100 sqm
* $510 per week
* Fixed tenancy till 14 April 2026
This property offers an incredible cash flow potential from day one, appealing strongly to investors seeking high-yield assets in a premium location.
Rates: $15,109.76 pa
Gross Annual Income: $115,960,000 pa
Price Indication: Buyer Enquiry Over $1,250,000
Gross Yield: (Based on $115,960k) 9.75% (approx.)
Cash Flow: Strong positive cash flow from settlement!
Viewing only at open homes.
Explore the area
School catchments
- St Mary's College (Wellington) Secondary Years 9-15 State integrated 0.31km
- Sacred Heart Cathedral School Full primary Years 1-8 State integrated 0.36km
- Clifton Terrace Model School Full primary Years 1-8 State 0.71km
- Thorndon School Full primary Years 1-8 State 0.77km
- Wellington Girls' College Secondary Years 9-15 State 0.77km
- Queen Margaret College Composite Years 1-15 Private 0.90km
- Northland School Full primary Years 1-8 State 1.1km
- Altum Academy Secondary Years 7-15 Charter 1.3km
- Kelburn Normal School Full primary Years 1-8 State 1.4km
- Ōtari School Full primary Years 1-8 State 1.6km
- Wadestown School Full primary Years 1-8 State 1.6km
- Te Aro School Full primary Years 1-8 State 1.8km
- Crofton Downs Primary School Primary Years 1-6 State 2.0km
- Mt Cook School (Wellington) Full primary Years 1-8 State 2.4km
- Clyde Quay School Full primary Years 1-8 State 2.4km
- Samuel Marsden Collegiate School Composite Years 1-15 Private 2.4km
- Karori Normal School Full primary Years 1-8 State 2.6km
- Wellington High School and Com Ed Centre Secondary Years 9-15 State 2.7km
- St Mark's Church School (Mt Victoria) Full primary Years 1-8 Private 2.8km
- Wellington East Girls' College Secondary Years 9-15 State 3.0km
- Wellington College Secondary Years 9-15 State 3.1km
- St Patrick's College (Kilbirnie) Secondary Years 9-15 State integrated 4.6km
- St Catherines College (Kilbirnie) Secondary Years 9-15 State integrated 4.9km
- Onslow College Secondary Years 9-15 State 5.5km
- Rongotai College Secondary Years 9-15 State 5.6km
- Wellington Hills Christian College Composite Years 1-15 State integrated 6.5km
- Scots College Composite Years 1-15 Private 6.8km
- TKKM o Nga Mokopuna Composite Years 1-15 State 7.0km
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 Andrew Brodie
Contact Andrew Brodie
Andrew Brodie
1-4/121 Hill Street, Thorndon 6011
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Andrew Brodie
1-4/121 Hill Street, Thorndon 6011