7/5 Hopper Street, Mt Cook, Wellington

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.