GREAT INVESTMENT APARTMENT CBD, 9% Return
Location
209/5 Aitken Street CBDThorndon
Wellington
Rooms
1 Bedroom, 1 BathroomProperty Type
Residential, ApartmentProperty Details
Price: $140,000 (GST zero rated), going concern, lease in place Studio Apartment in the heart of Government district of Thorndon. Location: 7 AITKEN STREET Thorndon Wellington Please note this is a Studio apartment with full kitchen and laundry facilities Property type: Unit- titled apartment- self contained - fully furnished Price: $140,000 GST zero rated, going concern, lease in place Floor area: 20.0 m2 Property ID#: BHE990 In the area- Close to - Train station, bus station, all Governments departments, Parliament buildings, Stadium, schools, universitys City campus, CBD/Lambton Quay, waterfront. Description: Studio apartments, situated in the heart of Thorndon, in the Government district of Thorndon, this is a worry free - hands off investment fully furnished, lease in place- 22 years to finality the tenant is Aitken on Mulgrave Ltd, and has been in business since 2003, as a preferred accommodation provider for many Government Departments. Property is always your safest investment, because: * It is solid and substantial. It is not a piece of paper that proves to be worthless. * You can see it, feel it, inspect it and improve it. * It will always be yours, as long as you pay the standing charges. * You can borrow money against its security, it is not intangible. This is why we are confident that you will never regret buying property. Property gives you: An assured income An assured capital growth Continuity of investment Rent Return is 9% of purchase price, Body Corp. levies $1200 p.a. Rates to Wellington City Council $600 p.a. This is a sale of a going concern, lease in place and is zero rated. For further information please call: Harold Lewis on (04)-5665302 or e-mail helewis@xtra.co.nz Open for inspection: Monday, Wednesday and Friday between 12 noon to 2.00pm-
Floor Size
20m2 Price
Asking price $140,000