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5A/57 Boulcott Street

5A/57 Boulcott Street Wellington
proudly marketed by
Debbie Bane
Leaders Real Estate (1987) Ltd Licensed REA Act 2008
Char-ching! If you are looking for cash flow now this is the one for you! BEO $170,000 Investment Information: * Rental appraisal: $600-$650/week * Body corporate levies: $6,515.21 per annum (from 01 July 2022 ) * Rates: $1,313.80/annum If you have seen apartments for sale in this building before, forget what you have read. The body corporate via a vote by the owners have decided to pause the remediation project with no planned timeframe when or even if it will go ahead. What does this mean for you as a buyer? High rental returns as the purchase price will be lower than a 2brm apartment that doesn't have work required. The body corporate will continue the general maintenance for the apartment building as per the normal schedule. The remediation project will be looked at again in the future when the economic conditions are more stable, in the meantime, you can enjoy high rental returns or secure an affordable apartment to live in. If you are a cashed-up buyer (no mortgage required) then this sunny 2bm apartment could be just what you are looking for: * 2brm apartment * North-East corner apartment * Very sunny living - bright and light! * Views of the historic Atrim House * Balconies off the living area * Modern kitchen * Convenient location with easy access to Willis St & Lambton Quay * Ability to utilize as an AirBnb - refer to info pack for full details For a property summary info sheet please complete the email form, a full information pack is also available on request. Please note: Viewing is by appointment only - no open homes and a valid My Vaccine Pass will be required for all inspections *Nett return based on deduction of current rates and body corporate levies only, does not include property management costs, tax etc etc
Upload by David Garratt
Wellington Central/North