Listing #:1618858273

Priced To Sell- Hands Free Investment Apartment

Location: 6D/33 Hunter Street, Wellington Central, Wellington­, Wellington
Rooms: 1 bedroom, 1 bathroom
Property type: Apartment
Floor area: 40m2
Rateable value (RV): $145,000
Price: Enquiries over $95,000
This fully furnished 40m2 studio apartment in Quest Hunter St makes an ideal hands free investment. Centrally located close to everything the Wellington CBD has to offer!

It is currently let to Quest Hotel on a fixed lease (5x5 years) with a guaranteed monthly rent of $598.48 after body corp fees. The first eight of renewal is due Dec 3018 and Quest has the option of another 4 terms of 5 years to continue to lease the property.

This is a low entry-level price which gives traditional residential investors the opportunity to take advantage of a hands-off investment opportunity with no management fees at a Qualmark 4.5 Star Standard.

Body Corp Levy: $6036.23 pa
City Council Rates: $2401.96 pa

Bring all offers, the vendor wants it sold urgently!

Please note this property is for investment only- it cannot be used by an owner-occupier as there are up to 20 years left in the full lease term if all options are taken up by Quest.

The building also needs to be reclad and at this stage, the estimated pro rata cost for this particular unit is circa $50,000.

Agency reference #: T17221
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Rateable value (RV) information
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While we've done our best to correctly map schools in this location, school zone information may not be exact,
so please double check with the school. Read our Maps in Property help page for further information.
Enquiries over $95,000
6D/33 Hunter Street, Wellington Central, Wellington, Wellington
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Enquiries over $95,000
Listed: Tue 1 May, 2:30 pm
Mark Hamilton
Tommy's Real Estate Wellington City, Licensed Agent (REAA 2008)
  • Contact details
  •  (04) 2126956
  •  (021) 573506

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Mark Hamilton
Tommy's Real Estate Wellington City, Licensed Agent (REAA 2008)
(04) 3818600
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