Located just off The Terrace, this multi-flat investment is cashflow positive from day 1.
This investment has been tightly held for many years and has always had great tenant demand.
The property features 2x 5 bedroom flats (1 above the other) on a single title, so only 1 rates bill.
Both flats are rented through to February 2026 so there is nothing to do. The perfect property to add to your portfolio or if you are starting out and want to be cash flow positive from week 1.
Features Include:
* Blue Chip location and has always been rented.
* 2 x 5 bedroom flats in great condition.
* Fully repainted exterior.
* Each flat is 5 bedrooms and 1 bathroom.
* All whiteware included in sale.
* Short walk to Victoria University and Wellington Central.
*Combined weekly rent if $2,450 or $127,400 Annually.
* Already rented to February 2026.
* Astute investors will recognise the value here at an asking yield of 8%.
With interest rates predicted to come down further, this will improve the cashflow even more.
Contact the sole agent for a private viewing as there will be NO open homes.
Property ID: ISELL20091 |
11a and 11b Maurice Terrace, Te Aro Wellington 6011
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