Excellent Investment Opportunity
This is hassle-free property ownership and an ideal addition to your investment portfolio. On leaseback to the Quest Hotel group, this 30sqm studio in a desirable location on The Terrace, is well managed for you by Quest who offer a guaranteed return on your investment. 6H/120 The Terrace features an open plan kitchen, living and bedroom area with modern fittings and furnishings. The apartment is fully furnished with a complete chattel list available. Quest ensures secure access and insurance is included in the Body Corporate fee. The building is earthquake compliant according to the Wellington City Council with an NBS of 41%.
Body Corp fee $3187 pa
Rates $2567.62.43 pa
Rent received $1331.43 per month; $15977.16 pa
Priced at $185,000 inclusive of GST providing for a gross return of 8.6% pa before tax deductible expenses.