Its no secret that Auckland prices are now out of reach for many.
If you still want to get on the property ladder then we have the solution.
This compact studio apartment is located in central Wellington on The Terrace.
Situated between Parliament, Victoria University and the waterfront.
There will be no shortage of tenants lining up for this with a current appraisal of $240-260 per week.
Extremely good earthquake rating and well run body corporate reduce the risks of this investment further.
This will undoubtedly provide a much better return then most apartments available in Auckland City.
Currently in a pooled income system but options to remove and buy with vacant possession.
Body corporate levy: $2,624.48 per annum
WCC rates: $586.18
Rental appraisal: $240 - 260pw
Asking Price $120,000 + GST if any