5/5 Hopper Street, Mt Cook, Wellington

Investment return or family student??

This four bedroom, two bathroom campus central apartment has consistently returned the current owners a strong yield over the past 9 years, and now currently 7.1% based on a sale price of $590,000. And with a shortage of accommodation this is a great way to maintain a return for your money or secure your budding academic somewhere to live while benefitting from the healthy returns.

Easily managed and not part of the campus rental pool you are in complete control, a nearly Hand's off opportunity in Wellington's accommodation hot spot.

Current tenants are in a fixed term tenancy until 15 Feb 2020.
Current rent is $840 per week.

There is also the option to purchase a car park space which is on a separate title.

Body Corp Fees $5750.48 annual
Rates $2892.67 annual
Floor area 114 sqm more or less