Positive Cash-Flow in the Capital


111 Dixon Street, Te Aro

By Negotiation

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Positive Cash-Flow in the Capital | 111 Dixon Street, Te Aro | 3300808 |      X Close
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Positive Cash-Flow in the Capital


DXN is brought to you by proven Wellington developers Vicinity & Arrow International, renown for building with architectural design & flare.

Suddenly demolition is almost complete with construction commencing soon. Progress is on track for a late 2018 completion.

Limited units are remaining so hurry and reserve an excellent investment with just a 10% deposit now, remaining 10% not due until settlement (subject to 80% LVR new build finance).

Three 19 storey towers (D.X.N) feature two 70m² dual key units (One Bedroom + Studio) per floor.

Studios are comfortably furnished with a superb chattels package. Ideal for a family with one child/teenager or someone wanting extra rental income.

Easy low maintenance with internal polished concrete walls. Incredible views from Juliet balconies. Feel safe that this new construction will be built to 100% NBS.

NUMBERS Breakdown

-Last units priced from $565,000 - $675,000.

-Rental appraisals range early $800s to the early $900s per week

-Gross yields up to 7.64%, Net yields up to 6%

-Healthy after-tax positive cash-flow projected at $3,739 p.a ($72 pw) (100% finance @ 5% p.a assuming equity from another property)

-Estimated OPEX: Body corporate: $4,341 - $5,024 / Rates: $2,430 - $2,813

DXN's location is a comfortable walk to Wellington's famous Courtney Place the CBD. Discover bargains at nearby shops, enjoy the cafe & restaurants culture. Enjoy the brand new lane way to Feltex Lane with six new retail stores.

Guarantee your children's education with this location being zoned for top prestigious high schools, Massey and Victoria University. Learning English? DXN is across the road from The Campbell Institute English School.

Wellington is experiencing exceptional capital growth and has been rated the number 1 city in the global quality of life survey from Deutsche Bank. Want to find out why?

Request a property investment report and contact us today to secure yourself a unit.

Hadleigh Petherick

Wellington Residential

Licensed under the REA Act 2008

Mobile: +64 21 259 2324
Office: +64 4 499 6044
hadleigh.petherick@bayleys.co.nz
View profile

Janet Liu

Wellington Residential

Licensed under the REA Act 2008

Mobile: +64 21 468 476
Office: +64 4 499 6044
janet.liu@bayleys.co.nz
View profile

111 Dixon Street, Te Aro

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Hadleigh Petherick

Wellington Residential

Licensed under the REA Act 2008

Mobile: +64 21 259 2324
Office: +64 4 499 6044
hadleigh.petherick@bayleys.co.nz
View profile

Janet Liu

Wellington Residential

Licensed under the REA Act 2008

Mobile: +64 21 468 476
Office: +64 4 499 6044
janet.liu@bayleys.co.nz
View profile