46 Wright Street, Mount Cook, Wellington City, Wellington

The best investments are purchased in times of distress, only to be looked back on as though buying was obvious. Now is your opportunity to take advantage of a weak market, where yields are soft, and the potential upside is the greatest.

46 Wright Street represents the perfect investment property. Incredibly well positioned to attract students and young professionals, you are unlikely to experience prolonged periods of vacancy and the 3 income streams provide further security of income.

Featuring:

- Top floor: 2 beds, 1 bathroom and lovely views. Currently let at $685 per week

- Ground floor west facing side side side: 1 bed, 1 bathroom. Currently vacant but recently let at $520 per week

- Ground floor east facing side: 1 bed, 1 bathroom with direct access to the garden. Currently let for $485 per week

- 3 off-street car parks. A huge draw card for tenants and becoming harder and harder to replicate

- Flat section with large backyard and storage shed

- Exceptional location, perfectly positioned to benefit from any rental market appreciation and capital gains

- BEO $995,000 (indicative yield of 8.8% at BEO)

These are the properties that have historically set their owners up with the financial freedom we all crave. Act now and pat yourself on the back in the years to come.

Tender closes 12pm, Thursday 11th July 2024 at 8 Kent Terrace, Wellington (will not be sold prior)