Grenadanorth

This four bedroom, 1 bathroom central apartment has consistently returned the current owners a strong yield over the past 10 years, and now currently 7.4% based on a sale price of $615,000. And with a shortage of accommodation this is a great way to maintain a return for your money or secure your budding academic somewhere to live while benefitting from the healthy returns. Easily managed and not part of the campus rental pool - you are in complete control. A nearly hand's off opportunity in Wellington's accommodation hot spot. Current tenants are in a fixed term tenancy until 1 Feb 2021. Has separate room for laundry with an additional shower. Comprises of a large storage room too. Current rent is $880 per week. Body Corp Fees $7,045.50 annual (increased to collect for a new roof) Rates $2,197.31annual Floor area 114 m2 more or less BEO $615,000 Contact Colin Rooney for more information. Open home Sunday 25th October at 3pm to 3:30pm. Viewing by appointment after that and notice required by tenants for viewings.