205 The Terrace, Wellington Central, Wellington

Versatile Investment or Home and Income?

Welcome to this grand old lady on The Terrace. Six separately titled and fully furnished apartments to be sold as one lot.

Comprising 2 x 1, 2 x 2 and 2 x 3 bedroom apartments. Spacious rooms retaining many character features but with the benefit of modern fitouts.

The roof was recently replaced with colour steel, and gas infinity systems have been fitted in all apartments.

Combined Rateable Value of $2,430,000

The location is excellent for tenants - close to the CBD and the university. Currently returning approximately $150,000 per annum, these apartments have rented out quickly with little down time. Rental returns could be increased with cosmetic upgrades, or leave as is.

This is a very flexible investment:
•Buy to let - simple rental investment
•Buy to sell - each apartment on its own title
•Home and Income - Live in one and rent out the others, or sell a couple to pay off some of the mortgage.

Do the numbers - see how it works for you and get in touch now to find out more.