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sold
Sold
  • 2 beds
  • 1 bath

5A/57 Boulcott Street Wellington Central

Buyer Enquiry Over $120,000
Private Treaty
Contact Agent

This property has been sold. Would you like more information on the sale, or do you have a property you'd like to discuss selling?

WHAT ARE YOU WAITING FOR! BEO $120,000

You read it correctly, NOW BEO $120,000

Why is it priced at this level- The apartment building requires work (weathertightness and earthquake strengthening) and the remediation project has been terminated, with no timeframe of if or when it will go ahead.

Do you need a mortgage- Then this apartment is unlikely to be for you, it is best suited for a cashed-up buyer (no mortgage required).

INVESTMENT INFORMATION:

Rental appraisal: $480-560/week

Body corporate levies: $6,515.21 per annum (from 01 July 2022 )

Rates: $1,313.80/annum

If you have seen apartments for sale in this building before, forget what you have read. The body corporate via a vote by the owners have decided to terminate the remediation project with no planned timeframe when or even if it will go ahead. What does this mean for you as a buyer- High rental returns - as the purchase price will be lower than a 2brm apartment that doesn't have work required.

If you are a cashed-up buyer then this sunny 2bm, corner apartment could be just what you are looking for:

  • Approx 62sqm

  • North-East corner apartment

  • Very sunny living - bright and light!

  • Views of the historic Atrium House

  • Balconies off the living area

  • Modern kitchen

  • Convenient location with easy access to Willis St & Lambton Quay

  • Ability to utilize as an AirBnb - refer to info pack for full details

For a property summary info sheet please complete the email form, a full information pack is also available on request.

R.V. $185,000 (2021)

http://www.5A-57BoulcottSt.com

Please note: Viewing is by appointment only - no open homes and a valid My Vaccine Pass will be required for all inspections

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