2C/49 Manners Street, Te Aro, Wellington City, Wellington

2C/49 Manners Street, Te Aro, Wellington City, Wellington NEST OR INVEST

Buyer Enquiry Over $225,000

Based on current rent of $425/week and the BEO of $225,000, Gross (before all costs) return on investment is 9.8%. This 1 bedroom, 30m2 apartment on the 2nd floor in the Regency complex offers entry level living or investing.

Fully furnished and in the heart of the central business district, giving you the luxury of walking to work and enjoying the unique culture Wellington has to offer with theatres, restaurants, cafes and clubs right at your door.

As a general rule on a 30m2 apartment, banks could lend a maximum of 50% of the purchase price. The other 50% of the purchase price could be made up of cash or equity in other property. Rental income is $425 pwk on a fixed term ending 1 Feb 2024. BC Levy $497.84 per month.