73 Jackson Street, Petone


Property Details


ID: 387302
Council Rates: $2,300.00
Strata Rates: $4,400.00

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Introducing 'The District', a new and exciting development in Petone the 'Ponsonby' of Wellington!

Location and quality are always the key and this ticks all those boxes!
This bank-friendly apartment could be seriously cash positive and perfectly placed for capital gains.
Also suited for owner occupiers looking for a self contained visitor unit or a HOME + INCOME.

* 1 bedroom + Studio + carpark
* Rental appraisal $750 to $800 p/wk (includes carpark)
* Two income producing properties on one title
* Each portion can still be let separately
* Pay body corp and rates for one property, not two.
* Stylish Modern compliant construction = easy to rent
* Excellent location
* Estimated Body corp $4,000 to $4,400 per year
* Estimated Rates $2,000 - $2,300 per year
* Over 100% earth quake rating
* Brand new building
* Practical completion 2018
* Free hold Car parks 40k each

Two apartments (a 1 bedroom, and a studio) on one title = two income streams, only one set of body corp and rates = smart investment.

Developer is keeping majority of the units
Lock in the price now for only 10% deposit
Buyer information pack available upon request, the developer is one of Wellingtons most successful, other projects including Messina & Revolucion.