Lowe & Co Realty
Real Estate Agents
- Listing #:
- LOWE6449
- Listed:
- 139 days ago
Asking $250,000
INVEST & SECURE - Asking Price $250,000
301/123 Taranaki Street, Te Aro, WellingtonApartment
-
- 1 Bedroom
-
- 1 Bathroom
-
- 34m2 Floor Area
About this property
This 34sqm^ studio apartment offers a stylish solution to city living that's secure, central, and easy-care. Located on the residential third level of the Ramada Hotel, it faces northwest for prolonged sun and natural light while in the heart of downtown to enjoy the hive of activity which Wellington offers. Rented to the hotel for another 8 years this is a hands-off investment that guarantees reliable income. Features include:- Open-plan interior that combines living/dining and sleeping space with a well-appointed kitchen and good storage
- Double-glazing for acoustic and thermal insulation plus heatpump for warmth in winter and cooling in summer
- Oriented for late sun and a vibrant city view
- One of only 30 residential units (stratum in freehold/unit title) in a mixed-use complex that opened just three years ago: with hotel facilities, including the on-site gym, and excellent security with manned reception
- Sound EQC rating: built to current code with modern specifications and affordable body corporate levies of $4,667.03 per annum (including insurance)
- Asking Price $250,000
Returning an annual $19,932 this is risk-free investing at its finest. Starting small enables capital growth - better than sitting in the bank! With interest mortgage rates higher than before, you'll love sitting back and watching your money work for you, and the dollars roll in for years to come. Call Emma Young Team for a private viewing or come to the next scheduled open homes.
^Property Guru
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