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Mt Cook

7/5 Hopper Street, Mt Cook, Wellington

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4 Bedrooms
1 Lounges
1 Bathrooms

Offers/Enquiries Over NZ$615,000

Investment Return or Family Student??


This four bedroom, 1 bathroom central apartment has consistently returned the current owners a strong yield over the past 10 years, and now currently 7.4% based on a sale price of $615,000. 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 1 Feb 2021. Has separate room for laundry with an additional shower. Comprises of a large storage room too. Current rent is $880 per week.

Body Corp Fees $7,045.50 annual
Rates $2,197.31 annual
Floor area 114 sqm more or less
BEO $615,000

Contact Colin Rooney for more information. 027 3210085

Viewing by appointment and notice required by tenants for viewings.

Colin Rooney

Colin Rooney


Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Investment


Perfect for Mum & Dad investors needing to secure accommodation for their kids, while growing your investment portfolio.

Location


Between Mount Cook & Aro Valley, hence centrally located between most of Wellington’s University campuses.

Schools/Universities


Perfect accommodation for University living.