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Unit

1C/242 Taranaki Sreet Mount Cook, Wellington City 6021

Sold on 19 Jul 2018
  • 3 Beds
  • 1 Bath
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Unit in Mount Cook

Beat the bank - 8% nett investment

  • 3 Beds
  • 1 Bath
Listed By:
Ray White Wellington CityLeaders In Real Estate (1987) Limited Licensed (REAA 2008)

Here is a great hands off investment with an attractive nett rate of return - 8% (based on 17/18).

The Cube on Taranaki Street is a high demand student residence option, with an excellent occupancy record. The long term management contract with Massey University ensures minimum monthly income is guaranteed. Last financial year's averaged monthly nett income was $1,483 (after all monthly fees and WCC rates).

Three bedrooms (lockable) student accommodation, rented by the room.
Wheel Chair accessible bathroom.
Efficient well managed student complex.
Well established and proven investment performer.

The Cube Apartments is situated on the corner of Taranaki and Webb Streets on the border of Mt Cook and Te Aro. It's just two hundred meters from the Massey University Wellington Campus and 8 mins walk from Courtney place.
Call the vendors exclusive agent Hamish Timmins - 027 542 6474 to arrange a viewing today.

Features:
  • Built in 2000
Property ID:

BDN20810

Building:

53m²

Bedrooms:

3

Bathrooms:

1

Listed By:
Ray White Wellington CityLeaders In Real Estate (1987) Limited Licensed (REAA 2008)
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