46 Waitoa Road Hataitai, Wellington City

This type of real estate is getting harder and harder to find! There are very few purpose-built blocks of flats this size and still under one ownership. Our current vendors have owned and managed this incredible block for the last 28 years. The property has been well maintained to a very high standard and modernised throughout with each apartment boasting modern kitchens, stylish bathrooms, a real treat for the tenants. This has undoubtedly ensures there is no vacancy 52 weeks of the year!

The Facts:

• Current yield of $133,640 per annum
• Five separate 2 double bedroom apartments
• Each Apartment is a very spacious 80sqm
• Total floor area 400sqm approx
• Total land area 632sqm approx
• Three secure garages
• The Apartments are on separate unit titles giving any new investor lots of flexibility
• All apartments are in excellent conditions and are fully leased
• Living areas are all light filled and bright
• Meets current healthy homes standard
• Five heat pumps
• Ultra-fast broadband for each unit

The central location is superb and only metres away from Hataitai Village shops, cafes, bus stops and a few minutes' drive to the city.

It is common knowledge that there is a critical shortage of rental accommodation in Wellington and our growing population means this scenario is unlikely to improve in the near future. The desirability of this type of real-estate coupled with current record all time low interest rates, makes this a rare opportunity for any astute investor to add to their portfolio! This unique property will not only attract individual investors but will have obvious appeal to family trusts looking for long term capital gains.

Please contact one of our team for a comprehensive information pack and viewing times.