3/111 Coromandel Street, Newtown, Wellington, Wellington

Offering light, style and size in abundance and with its own secure garage in a fantastic location, this gorgeous apartment is up for grabs and needs to be on the must see list of investors and downsizers.

Unfortunately the complex itself has been beset with issues that need to be remediated, and so the price has been set at an incredibly attractive price guide of only $275,000. Due to these issues, the buyer will need to have cash or significant equity in other properties as well as more set aside for future remediations.

The bright side is that the apartment itself is simply gorgeous with some of the best views on offer in Newtown and has been a wonderful place to live in for our vendor.

You could rent it out (appraisal $700 per week) while options are being researched, and in the mean time collect an incredible gross yield- genuinely one of the best yields available in the market right now.

Once remediated, the lucky buyer will have a lovely three bedroom apartment in a wonderful, popular location that will appeal to a wide range of buyers from first home buyers to downsizers, and will be worth significantly more than it is today.

More features of this lovely apartment include

• Spacious, sizeable and private deck to enjoy the most wonderful views over Newtown. Perfect place to enjoy your morning coffee from!
• Three sizeable bedrooms with a modern feel throughout
• High ceilings and skylights for so much natural light

With no appetite to remediate, the vendors instructions are loud and clear that they are prepared to pass the baton on.

Contact Christy Kimble on mailto:christy.kimble@raywhite.com or 0277275136 for more information or to view.

Body Corporate Levies are $9,603.00 per annum.