Ray White Wellington City
Real Estate Services, Real Estate Agents
- Listing #:
- BDN35166
- Listed:
- 7 days ago
Tender: Wednesday 25th February at 12:00pm
Four Flat ATM !!
1-4/121 Hill Street, Thorndon, WellingtonOther
-
- 8 Bedrooms
-
- 4 Bathrooms
-
- 310m2 Floor Area
-
- 305m2 Land Area
About this property
Buyer Enquiry Over $1,250,000High-yielding four-flat, unit-titled property in a prime city fringe location.
Key Features:
* Exceptional Cashflow: Gross current annual rental income of $117,000 per annum (pa)
* Property Type: Four spacious, self-contained two-bedroom apartments, two with studies
* Legal Status: All units are Unit Titled, offering flexibility for individual sale in the future
* Compliance: All units meet current Healthy Homes standards, minimizing immediate compliance costs
* Location: Highly desirable city fringe area, offering an easy walk to the CBD, Beehive (Parliament), major supermarket and Thorndon Village amenities, seconds to the motorway North and South
* Tenant Appeal: Tenants appreciate the generous size of the units and the unbeatable location
Unit Breakdown and Current Tenancy Status:
Unit 1
* 2 Double Bedrooms
* 60 sqm
* $575 per week
* Fixed tenancy till January 2027
Unit 2
* 2 Double Bedrooms plus study
* 60 sqm
* $600 per week
* Fixed tenancy till January 2027
Unit 3
* 2 Double Bedrooms
* 90 sqm
* $565 per week
* Fixed tenancy till January 2027
* new interior paint job just completed
Unit 4
* 2 Double bedrooms plus study
* 100 sqm
* $510 per week
* Fixed tenancy till April 2026
This property offers an incredible cash flow potential from day one, appealing strongly to investors seeking high-yield assets in a premium location.
Rates: $15,109.76 pa
Gross Annual Income: $117,000 pa
Price Indication: Buyer Enquiry Over $1,250,000
Gross Yield: (Based on $117k) 9.75% (approx.)
Cash Flow: Strong positive cash flow from settlement!
Viewing only at open homes.
Tue 10th Feb 12:00pm ~ 1:00pm
Thu 12th Feb 12:00pm ~ 1:00pm
Fri 13th Feb 1:30pm ~ 2:30pm
Tue 17th Feb 12:00pm ~ 1:00pm
Thu 19th Feb 12:00pm ~ 1:00pm
Fri 20th Feb 1:30pm ~ 2:30pm
Tue 24th Feb 12:00pm ~ 1:00pm
