Listing #:1664686472

Hands Off, High Net Yield, Quality Investment

Location: 1609/75 Feathersto­n Street, Pipitea, Wellington­, Wellington
Rooms: 1 bedroom, 1 bathroom
Property type: Apartment
Floor area: 54m2
Price: Asking price $559,000
Low maintenance, check. Hands off, check. Fantastic net yield of approximately 8%*, check!

With a long-term lease in place to the Rydges hotel, you can rest easy knowing your investment will be professional managed and maintained to an excellent standard. A consistently high performer, the sought after, inner-city location and luxury facilities, ensure return tourists and business clients year after year.

Currently on offer is a beautifully maintained, 67m, north facing, sub penthouse apartment enjoying a corner site with spacious balcony. With access to high speed internet, an inhouse pool, sauna, 24-hour reception and shops, bars and restaurants of the surrounding area, it is no wonder these units have had excellent occupancy rates.

Unlike other hotel lease arrangements, the total hotel income is pooled and distributed based on unit entitlement. Below is a snapshot of recent financials but we have details records and financial statements available to interested parties.

- $56,000 net return 2017-2018 financial year
- $43,000+ average net income from 2015 to 2017
- Monthly rent payments for investors

We have a full information pack available for interested parties. So, don't delay, secure your financial future and invest today.

*Please note this investment is not suitable for owner occupiers
*The 8% approximate net yield may vary based on purchase price

Agency reference #: BDN21215
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Asking price: $559,000
1609/75 Featherston Street, Pipitea, Wellington, Wellington
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Asking price: $559,000
Listed: Wed 13 Jun, 11:33 am
Tom Cumming
Ray White Wellington City, (Licensed: REAA 2008)
  • Contact details
  •  (021) 1998833

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Tom Cumming
Ben Stevens
Ray White Wellington City, (Licensed: REAA 2008)
(04) 4733822
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Expires: Thu 13 Dec, 10:09 am
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