Sold
3E/33 Hunter Street,
Wellington Central, 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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Central City Cashflow - BEO $199,000, 8.6% nett
Recently released from a long term hotel lease, this apartment has been meticulously maintained to meet the needs of executive clientele. The owners, having benefited from this strong yielding asset for the last 14 years, urgently need this sold to complete their plans on another property.
Centrally located in the heart of the CBD on the corner of Lambton Quay, investors seeking professional tenants can secure long term cashflow in a building that retains the character of the Art Deco era. For parents that have children attending universities, this is a quiet, secure option from traditional student halls where hard work and study can be the focus.
• Large studio apartment with private ensuite and laundry facilities
• Common areas maintained by a reputable national hotel chain
• Apartment maintained to a high standard and has not been occupied since the end of the hotel lease
• North facing with high stud and windows to maximise natural light
• Able to be occupied immediately, or rented out both long and short term
• Access to Parliament, Government departments, major entertainment venues and main shopping district, and two of the largest universities in the country
• Body corporate levy - $6,264.97
• Council rates - $952.62
• Rented out for $470 per week
The property has recently been tenanted on a 1 year contract, for instant cashflow while future plans can be made.
Please note: As this property is now tenanted, viewings are strictly by appointment only. Please call Matt on 022 085 1459 to confirm the next available appointment.
*The nett yield of 8.6% has been calculated based on rent of $470 per week, across 52 weeks of the year, and deducting the annual body corporate levy and Wellington City Council rates.
Centrally located in the heart of the CBD on the corner of Lambton Quay, investors seeking professional tenants can secure long term cashflow in a building that retains the character of the Art Deco era. For parents that have children attending universities, this is a quiet, secure option from traditional student halls where hard work and study can be the focus.
• Large studio apartment with private ensuite and laundry facilities
• Common areas maintained by a reputable national hotel chain
• Apartment maintained to a high standard and has not been occupied since the end of the hotel lease
• North facing with high stud and windows to maximise natural light
• Able to be occupied immediately, or rented out both long and short term
• Access to Parliament, Government departments, major entertainment venues and main shopping district, and two of the largest universities in the country
• Body corporate levy - $6,264.97
• Council rates - $952.62
• Rented out for $470 per week
The property has recently been tenanted on a 1 year contract, for instant cashflow while future plans can be made.
Please note: As this property is now tenanted, viewings are strictly by appointment only. Please call Matt on 022 085 1459 to confirm the next available appointment.
*The nett yield of 8.6% has been calculated based on rent of $470 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
- Clifton Terrace Model School Full primary Years 1-8 State 0.37km
- Te Aro School Full primary Years 1-8 State 1.0km
- Sacred Heart Cathedral School Full primary Years 1-8 State integrated 1.1km
- St Mary's College (Wellington) Secondary Years 9-15 State integrated 1.1km
- Wellington Girls' College Secondary Years 9-15 State 1.2km
- Kelburn Normal School Full primary Years 1-8 State 1.2km
- Thorndon School Full primary Years 1-8 State 1.3km
- Mt Cook School (Wellington) Full primary Years 1-8 State 1.4km
- Clyde Quay School Full primary Years 1-8 State 1.4km
- Northland School Full primary Years 1-8 State 1.4km
- Queen Margaret College Composite Years 1-15 Private 1.5km
- Wellington High School and Com Ed Centre Secondary Years 9-15 State 1.7km
- St Mark's Church School (Mt Victoria) Full primary Years 1-8 Private 1.8km
- Altum Academy Secondary Years 7-15 Charter 2.0km
- Wellington East Girls' College Secondary Years 9-15 State 2.0km
- Wellington College Secondary Years 9-15 State 2.1km
- Roseneath School Full primary Years 1-8 State 2.2km
- Brooklyn School (Wellington) Full primary Years 1-8 State 2.4km
- Hataitai School Full primary Years 1-8 State 2.5km
- Ōtari School Full primary Years 1-8 State 2.5km
- Wadestown School Full primary Years 1-8 State 2.6km
- Samuel Marsden Collegiate School Composite Years 1-15 Private 2.7km
- St Patrick's College (Kilbirnie) Secondary Years 9-15 State integrated 3.6km
- St Catherines College (Kilbirnie) Secondary Years 9-15 State integrated 3.9km
- 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 6.2km
- Wellington Hills Christian College Composite Years 1-15 State integrated 7.2km
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
3E/33 Hunter Street, Wellington Central 6011
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Matt Ross
3E/33 Hunter Street, Wellington Central 6011