6% RETURN - 5 YEAR LEASE


203/118 Bealey Avenue, City

Asking Price NZD $329,000

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6% RETURN - 5 YEAR LEASE | 203/118 Bealey Avenue, City | 551723 |      X Close
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6% RETURN - 5 YEAR LEASE


Construction is nearing completion on the stylish 'Bealey Apartments' complex. Well-appointed throughout, all apartments are north-facing, with living areas extending to either a sunny courtyard or deck - both east and west options are available. All two bedroom apartments are now under contract, however there are a number of one bedroom apartments still available. There is currently a furnished single bedroom apartment available for viewing.

Bealey Apartments is an eye-catching and brand new boutique apartment complex located within the four avenues. It is designed by Opus International Architects and built by Arrow International.

North facing for maximum natural light, the three level complex consists of twelve two bedroom and twelve single bedroom apartments with a range of attractive price points carefully tailored to deliver a favourable return on your investment.

Further adding to their investment appeal, all apartments have an optional five year lease to OPUS International Consultants Ltd, providing an underwritten return over the 5 year lease term of 6%. This provides peace of mind and a 'hands off' investment. Equally, the apartments can be purchased by owner occupiers or Kiwi Saver buyers, looking to take advantage of this central and sought after location.

Located directly opposite the Southern Cross Hospital on Bealey Avenue, this exceptional north facing complex offers easy access to the CBD, Victoria Street Precinct, Hagley Park and Merivale Village. Underlying school zones for the apartments include Boys High, Heaton intermediate and St Albans primary. In addition, the apartments are closely located to the private schools of St Andrews, St Margaret's, Christs College, Rangi Ruru and Cathedral Grammar.

The apartments are finished to a quality standard, with tasteful decor and quality fixtures and fittings throughout. Each apartment has an allocated car park and either an external deck, or in the case of the ground-floor apartments, a sunny courtyard area.

203/118 Bealey Avenue, City

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