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  • 3 beds
  • 1 bath

111/40 The Terrace Wellington Central

For Sale
Price guide : Contact Agent

Hands Free Investment

Enjoy your investment property being managed with a long term lease and rental agreement with Victoria University through to 2022. A fantastic location for a rental, Stafford House is within walking distance to both Victoria University Pipitea and the Kelburn campus.

Offering 3 bedrooms with an open plan lounge, kitchen and dining area, the tenants can retreat to their apartment or socialise in the large communal lounge and outdoor area. Plus they have access to a well-equipped in house gymnasium, music studio and games room. A live in manager and trained resident assistants who provide academic help, care and support along with excellent security makes this a sought after student accommodation hostel.

Rental Details: A new scheme to be introduced by Unilodge in the 2018 year is planned to bring in additional income to owners during the "off term" break periods. Net income Year Ending March 2018 $8,917.83 Net income Year Ending March 2017 $10,809.62

Floor Area: approx 55sqm %NBS (New Building Standard) - an impressive 172%

If you are looking for a hands free investment where all the tenant worries are taken care of for you then come and take a look at why Stafford House has been so popular as student accommodation.

Buyer Enquiry Over $179,000 Plus GST (if any)

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