402 + 402a/111 Dixon Street, Te Aro, Wellington, Wellington

With two addresses up for grabs here for the price of one, 402 and 402a/111 Dixon Street offers a fantastic combination of two great income streams, 100% NBS rating, low levies, quality construction and a great list of chattels and need to be on the must see list of investors looking for great cashflow and parents looking for quality accommodation for their kids!

The numbers work! Enjoy the benefits of two sets of already sitting tenants with the main apartment rented out until november 2025 at $500 per week and the studio rented for $420 per week on a period agreement- this means a 7.5% gross yield at the BEO level with the option to airbnb and increase it further.

The building has an artistic and industrial vibe, adorned with epic artwork throughout and so much natural light streaming in. Designed by Archaus Architects and finished off in only 2019, The DXN Apartments have relatively low body corporate levies and a proactive body corporate ensuring peace of mind for years to come.

The stylish main apartment features one double bedroom with built in wardrobe as well as rustic timber flooring and new carpets in great condition. The studio offers a compact open plan set up.

Viewing only by private appointment, get in touch to arrange.

For sale by negotiation, contact Christy Kimble on mailto:christy.kimble@raywhite.com or 0277275136 for more information.

Body Corporate Levies $7019.54 per annum.