Ray White Wellington City
Real Estate Services, Real Estate Agents
- Listing #:
- BDN35596
- Listed:
- 28 days ago
Asking Price: $230,000
Fully Managed Capital Investment
2J/242 Taranaki Street, Mount Cook, WellingtonApartment
-
- 5 Bedrooms
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- 1 Bathroom
-
- 83m2 Floor Area
About this property
Fully managed and maintained by the team at Massey University, The Cube Apartments provide the definition of a passive investment in the heart of the Capital City. Exclusively designated as student accommodation, the income stream is split between owners and paid monthly, meaning even if your apartment is not occupied you will still have an income.Body corporate levies and management costs are deducted from your payments automatically so that payments made to you are pure net cashflow. The apartment has just undergone a fresh repaint, and maintenance is constantly reviewed by the onsite property management team.
This is an ideal location for students studying in Wellington and occupancy rates are increasing as the attraction of living in the Capital City is resurging. The location is central to the vibrant Cuba Street entertainment establishments, and an easy walk to the Massey University, the waterfront and main shopping precincts.
An onsite building manager monitors security and maintenance of facilities, ensuring your investment is constantly managed, maintained, and protected.
This type of property is ideal for the investor that does not want to spend their time constantly checking in on maintenance and dealing with tenant turnover. Out of town, overseas, or just busy with other aspects of life, secure an investment that requires no input or disruption to everyday living.
• Secure access building with swipe cards required at all entrances
• Building management onsite to care for day to day running
• All building expenses deducted and net payment received monthly
• Five bedrooms to provide larger share of rental pool
• Recently refreshed to secure longer term tenants
Sun 8th Feb 11:00am ~ 11:30am
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