123-125 Brougham Street Mount Victoria, Wellington City 6011

Sold on 8 Mar 2018
  • 24 Beds
  • 12 Baths
  • 6 Cars

Sold By

  • Loading...
  • Loading...
House in Mount Victoria

A rare jewel on Mt Victoria

  • 24 Beds
  • 12 Baths
  • 6 Cars
Listed By:
Ray White Wellington CityLeaders In Real Estate (1987) Limited Licensed (REAA 2008)

There's no debate about it. This is the finest residential block of Apartments we have ever marketed!

Sitting proudly on 929sqm of absolutely prime Mt Victoria land with amazing views over the City and absolutely drenched in all day sun.

Comprising 12 X 2 bedroom Apartments in incredible condition, benefiting from the comprehensive and recent refurbishment of all units.
Rewired, modern kitchens re-plumbed in copper. It has also recently been repainted.

It is wonderful to see vendors who take such pride in their investment, evidenced by these beautifully maintained apartments, a joy for their tenants to live in.

The owners are retiring and "Ionian Flats" has become available for the first time in 48 years!

The Facts:

Yield of $341,650 per annum
12x 2bedroom apartments
6 garages, all with automatic door openers
Full year round occupancy
Wonderful common recreation areas including rooftop decks and a massive sun soaked lawn
Superior modern storage sheds
Designated (and covered) bike storage
Independent 2009 assessment to be 75% of the earthquake code
R.V $ $3,300,000
Floor area 950m2
Freehold title

Its common knowledge that there is a critical shortage of rental accommodation in Wellington. With the population set to increase this scenario will only worsen, increasing the desirability and value of this type of real estate.

The opportunity to acquire this gilt-edged investment located in the most sought after and all round outstanding inner city suburb and location possible is surely a once in a lifetime opportunity and an amazing
addition to any individual, family trust or investor's portfolio.

For a comprehensive information pack please call Andrew Brodie or Pano Focas.

Tender closing 12pm Thursday 8 March 2018

Property ID:





6 garage spaces





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