Lyallbay

This modern and spacious four bedroom apartment, located in a secure purpose built building, represents a great opportunity to secure a solid cashflow positive investment. The owner has just signed an annual tenancy with four students with parental guarantees, and it is well set up with a conscientious, capable property manager for ease of ownership. This apartment is always in demand and has very high occupancy rates. Currently tenanted on a 12 month lease to February 2018 at $740 per week. The apartment is located in a purpose built complex in central Mount Cook, complete with internal courtyard and free communal laundry facility. Easy walking distance to Massey University, with a variety of amenities (including new Countdown supermarket) nearby. Inside, the open plan lounge and kitchen provides excellent communal space. Spacious double bedrooms with large sunny windows, each with double wardrobes and built in furniture, open off this space. There is a full bathroom with shower including shower hood and second separate toilet. This is an end unit beside the exit to the lane. It is on the ground floor so is entirely on one level. The complex is only 13 years old and the Body Corporate has just completed a planned upgrade including a full exterior repaint and repairs. In addition, the lounge and kitchen areas of 1A were repainted in last few years. 7.7% gross yield is easily attainable based on current rental income. Contact KATE FOOT to view 8.30-12pm and 1pm-4pm during week. Open Homes this week are Wed, Thur & Fri 1.15 - 2pm access via main entrance at 27 Hanson Street. Deadline Sale closing Date: 12pm 6 April 2017 at Ray White Leaders L1/77 Thorndon Quay, Wellington 6011