Sold
5A/57 Boulcott Street,
Wellington Central, Wellington City
NZD 105,000
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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WHAT ARE YOU WAITING FOR! BEO $120,000
You read it correctly, NOW BEO $120,000
Why is it priced at this level? The apartment building requires work (weathertightness and earthquake strengthening) and the remediation project has been terminated, with no timeframe of if or when it will go ahead.
Do you need a mortgage? Then this apartment is unlikely to be for you, it is best suited for a cashed-up buyer (no mortgage required).
INVESTMENT INFORMATION:
Rental appraisal: $480-560/week
Body corporate levies: $6,515.21 per annum (from 01 July 2022 )
Rates: $1,313.80/annum
If you have seen apartments for sale in this building before, forget what you have read. The body corporate via a vote by the owners have decided to terminate the remediation project with no planned timeframe when or even if it will go ahead. What does this mean for you as a buyer? High rental returns - as the purchase price will be lower than a 2brm apartment that doesn't have work required.
If you are a cashed-up buyer then this sunny 2bm, corner apartment could be just what you are looking for:
- Approx 62sqm
- North-East corner apartment
- Very sunny living - bright and light!
- Views of the historic Atrium House
- Balconies off the living area
- Modern kitchen
- Convenient location with easy access to Willis St & Lambton Quay
- Ability to utilize as an AirBnb - refer to info pack for full details
For a property summary info sheet please complete the email form, a full information pack is also available on request.
R.V. $185,000 (2021)
http://www.5A-57BoulcottSt.com
Please note: Viewing is by appointment only - no open homes and a valid My Vaccine Pass will be required for all inspections
Why is it priced at this level? The apartment building requires work (weathertightness and earthquake strengthening) and the remediation project has been terminated, with no timeframe of if or when it will go ahead.
Do you need a mortgage? Then this apartment is unlikely to be for you, it is best suited for a cashed-up buyer (no mortgage required).
INVESTMENT INFORMATION:
Rental appraisal: $480-560/week
Body corporate levies: $6,515.21 per annum (from 01 July 2022 )
Rates: $1,313.80/annum
If you have seen apartments for sale in this building before, forget what you have read. The body corporate via a vote by the owners have decided to terminate the remediation project with no planned timeframe when or even if it will go ahead. What does this mean for you as a buyer? High rental returns - as the purchase price will be lower than a 2brm apartment that doesn't have work required.
If you are a cashed-up buyer then this sunny 2bm, corner apartment could be just what you are looking for:
- Approx 62sqm
- North-East corner apartment
- Very sunny living - bright and light!
- Views of the historic Atrium House
- Balconies off the living area
- Modern kitchen
- Convenient location with easy access to Willis St & Lambton Quay
- Ability to utilize as an AirBnb - refer to info pack for full details
For a property summary info sheet please complete the email form, a full information pack is also available on request.
R.V. $185,000 (2021)
http://www.5A-57BoulcottSt.com
Please note: Viewing is by appointment only - no open homes and a valid My Vaccine Pass will be required for all inspections
Explore the area
School catchments
- Clifton Terrace Model School Full primary Years 1-8 State 0.43km
- Te Aro School Full primary Years 1-8 State 0.80km
- Kelburn Normal School Full primary Years 1-8 State 1.0km
- Mt Cook School (Wellington) Full primary Years 1-8 State 1.2km
- St Mary's College (Wellington) Secondary Years 9-15 State integrated 1.3km
- Sacred Heart Cathedral School Full primary Years 1-8 State integrated 1.3km
- Clyde Quay School Full primary Years 1-8 State 1.3km
- Northland School Full primary Years 1-8 State 1.4km
- Wellington Girls' College Secondary Years 9-15 State 1.4km
- Wellington High School and Com Ed Centre Secondary Years 9-15 State 1.5km
- Thorndon School Full primary Years 1-8 State 1.6km
- St Mark's Church School (Mt Victoria) Full primary Years 1-8 Private 1.7km
- Queen Margaret College Composite Years 1-15 Private 1.7km
- Wellington East Girls' College Secondary Years 9-15 State 1.9km
- Wellington College Secondary Years 9-15 State 1.9km
- Altum Academy Secondary Years 7-15 Charter 2.0km
- Brooklyn School (Wellington) Full primary Years 1-8 State 2.2km
- Roseneath School Full primary Years 1-8 State 2.4km
- Samuel Marsden Collegiate School Composite Years 1-15 Private 2.5km
- Hataitai School Full primary Years 1-8 State 2.5km
- Ōtari School Full primary Years 1-8 State 2.6km
- St Patrick's College (Kilbirnie) Secondary Years 9-15 State integrated 3.5km
- St Catherines College (Kilbirnie) Secondary Years 9-15 State integrated 3.8km
- Rongotai College Secondary Years 9-15 State 4.5km
- Scots College Composite Years 1-15 Private 5.8km
- TKKM o Nga Mokopuna Composite Years 1-15 State 6.1km
- Onslow College Secondary Years 9-15 State 6.5km
- Wellington Hills Christian College Composite Years 1-15 State integrated 7.4km
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 Debbie Bane
Contact Debbie Bane
Debbie Bane
5A/57 Boulcott Street, Wellington Central 6011
Request a callback
Debbie Bane
5A/57 Boulcott Street, Wellington Central 6011