2B/49 Manners Street Te Aro, Wellington City

Attention investors, here is an apartment that surely must capture your attention with the cash flow it brings and the good rental return. It is worth checking out. Net yield = 5.5% based on 52 weeks of rent. Current rent is $425 per week. Potential to be increased when the fixed term is closer to expiring.

This 1 bedroom, 1 bathroom apartment is an awesome catch! Why? Located right in the middle of Wellington City, this centrally located apartment allows the convenience to easily eat out, shop, go to pubs/bars, grab a nice cup of coffee, train at the local gym, visit the waterfront, have close access to The New World Supermarket (Willis St) and so much more. With a car park building right next door, it will create even better convenience especially if car parking is important to you.

Regarding the building, good news, Wellington City Council states, "This building is not considered earthquake-prone under the current legislation" and the engineer's report states, "the building has not been compromised". (All this information is in the information pack).

• Apartment Size: 30m2 (Derived from property smarts)
• Secured good tenant: $425 per week on a fixed term till Feb 2022
• Body Corp Levy: $388.85 per month
• Council Rates: $976.59 per year

Contact Phil Mac Raywhite if you are interested in this apartment. Viewing by appointment only.
Mobile: 021 057 64 89
Email: phil.mac@raywhite.com