Investment return or family student??


7/5 Hopper Street, Mount Cook

Offers/Enquiries Over NZD $590,000

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Investment return or family student?? | 7/5 Hopper Street, Mount Cook | 3301340 |      X Close
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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 mid 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

7/5 Hopper Street, Mount Cook

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