232/217 The Terrace Wellington Central, Wellington City

BEO $140,000

20m studio apartment, centrally located on The Terrace. This will surely appeal to those looking for a crash pad in the city, or a high yield investment. Unit 232 was recently rented for $280 per week. The likely gross return is over 9.5%, if you can find a better yield, please let me know.

If you have kids renting for university, or you are paying for people to stay in a Hotel then this will represent a great opportunity. These 20m studio apartments are in the heart of the city. Just a short walk to Victoria University, Lambton Quay, or Parliament.

RV: $110,000
BC Fees: $2,912.04 P/A
Rates: $877.02
NBS: 36% (not considered earthquake prone)

Call the vendors exclusive agent, Hamish Timmins on 0275 426 474 today to arrange a viewing, or come to one of the open homes.