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127/40 The Terrace, Wellington Central, Wellington, 3 Bedrooms, 1 Bathrooms, Apartment

By Negotiation

127/40 The Terrace, Wellington Central, Wellington

3
1
59m2
ApartmentListed on Tue Oct 15
Nearby train station

Wellington Central 3 Bedroom Affordable, High-Yield 3-Bedroom

Discover an exceptional investment opportunity with this sunny, corner-unit, three-bedroom apartment, perfect for those seeking affordability and strong returns. Currently fully tenanted, each room currently generates approximately $296 per week ($888 total).

Situated in a prime CBD location, the apartment boasts stunning views and natural light, thanks to external windows in all bedrooms. The property is currently managed by UniLodge (on-site property managers) with no fixed-term agreement, providing flexibility to rent out privately or occupy the apartment yourself. Additionally, the building's earthquake rating has been recently upgraded from 33% to 75% NBS (as per the April 2024 AGM minutes).

Key Features:

• Superb CBD location, with everything at your doorstep

• All bedrooms feature external windows, ensuring great natural light

• Apartment area: 59m2

• Currently, all three bedrooms are tenanted with rent based on occupied rooms and option to rent out privately or owner occupy.

• Gym

• Bicycle storage

• Outdoor space for sunbathing and BBQs

• Spacious lounge with large-screen TV

This apartment is also perfect for parents looking to secure accommodation for their children attending university, while benefiting from a high-yield investment. If you have a child starting early next year, this is the ideal opportunity.

For more information or to arrange a viewing, contact us today!

Location

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School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Clifton Terrace Model School
0.38 km
Primary
1-8
Government
Co-Educational
EQI: 374
8
Wellington Girls' College
0.72 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 374
10
Wellington High School and Com Ed Centre
2.27 km
Secondary
9-15
Government
Co-Educational
EQI: 406
9
Wellington College
2.65 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 379
10
St Oran's College
14.54 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 378
10

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Ref:JHV31338Last update:2024-12-02 14:55:52