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  • 2 beds
  • 1 bath

5A/57 Boulcott Street Wellington Central

Buyer Enquiry Over $170,000
For Sale
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Want to find out the price, inspection times or have a general enquiry? Click on send enquiry to get started.

Cash-Flow! Potentially Over 13% Nett Return*!

Char-ching! If you are looking for cash flow now this is the one for you! Buyer Enquiry Over $170,000

Investment Information:

  • Rental appraisal: $600-$650/week

  • Body corporate levies: $6,939.49/annum

  • 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. The body corporate will continue the general maintenance for the apartment building as per the normal schedule. The remediation project will be looked at again in the future when the economic conditions are more stable, in the meantime, you can enjoy high rental returns or secure an affordable apartment to live in.

If you are a cashed-up buyer (no mortgage required) then this sunny 2bm apartment could be just what you are looking for:

  • 2brm apartment

  • 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)

  • Nett return based on deduction of current rates and body corporate levies only, does not include property management costs, tax etc etc

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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