1-4/121 Hill Street Thorndon, Wellington City

Buyer Enquiry Over $1,250,000

High-yielding four-flat, unit-titled property in a prime city fringe location.

Key Features:

• Exceptional Cashflow: Gross annual rental income of approximately $117,000 per annum (pa)
• Property Type: Four spacious, self-contained two-bedroom apartments, two with studies
• Legal Status: All units are Unit Titled, offering flexibility for individual sale in the future
• Compliance: All units meet current Healthy Homes standards, minimizing immediate compliance costs
• Location: Highly desirable city fringe area, offering an easy walk to the CBD, Beehive (Parliament), major supermarket and Thorndon Village amenities, seconds to the motorway North and South
• Tenant Appeal: Tenants appreciate the generous size of the units and the unbeatable location

Unit Breakdown and Current Tenancy Status:
Unit 1
* 2 Double Bedrooms
* 60 sqm
* $575 per week
* Fixed tenancy till January 2027

Unit 2
* 2 Double Bedrooms plus study
* 60 sqm
* $600 per week
* Fixed tenancy till January 2027

Unit 3
* 2 Double Bedrooms
* 90 sqm
* $565 per week - currently advertised for rent
* Recently vacant; new interior paint job just completed; actively being marketed for new tenancy

Unit 4
* 2 Double bedrooms plus study
* 100 sqm
* $510 per week
* Fixed tenancy till April 2026

This property offers an incredible cash flow potential from day one, appealing strongly to investors seeking high-yield assets in a premium location.
Rates: $15,109.76 pa
Gross Annual Income: Approx $117,000 pa
Price Indication: Buyer Enquiry Over $1,250,000
Gross Yield: (Based on $117k) 9.75% (approx.)
Cash Flow: Strong positive cash flow from settlement!

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