Apartment for Sale

1609/75 Featherston Street Pipitea, Wellington City 6011

Price by negotiation
  • 1 Bed
  • 1 Bath

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Apartment for Sale in Pipitea

Hands Off, High Net Yield, Quality Investment

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

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

Property ID:

BDN21215

Building:

54m²

Bedrooms:

1

Bathrooms:

1

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