$160,000
127/40 The Terrace, Wellington Central

Affordable, High-Yield 3-Bedroom.

Discover an exceptional investment opportunity with this sunny, corner-unit, three-bedroom apartment, perfect for those seeking affordability and strong returns. Currently...
Property Type
Apartment
Bedrooms
3 beds
Bathrooms
1 baths
Parking
1 parks
Land Area
0m2
Floor Area
59m2

Discover an exceptional investment opportunity with this sunny, corner-unit, three-bedroom apartment, perfect for those seeking affordability and strong returns. Currently fully tenanted, each room currently generates approximately $296 per week ($888 total).
Situated in a prime CBD location, the apartment boasts stunning views and natural light, thanks to external windows in all bedrooms. The property is currently managed by UniLodge (on-site property managers) with no fixed-term agreement, providing flexibility to rent out privately or occupy the apartment yourself. Additionally, the building’s earthquake rating has been recently upgraded from 33% to 75% NBS (as per the April 2024 AGM minutes).

Key Features:

  • Superb CBD location, with everything at your doorstep
  • All bedrooms feature external windows, ensuring great natural light
  • Apartment area: 59m2
  • Currently, all three bedrooms are tenanted with rent based on occupied rooms and option to rent out privately or owner occupy.
  • Gym
  • Bicycle storage
  • Outdoor space for sunbathing and BBQs
  • Spacious lounge with large-screen TV

This apartment is also perfect for parents looking to secure accommodation for their children attending university, while benefiting from a high-yield investment. If you have a child starting early next year, this is the ideal opportunity.

For more information or to arrange a viewing, contact us today!

  • Gymnasium
  • Electric Hot Water
  • Open Plan Kitchen
  • Open Plan Dining
  • Combined Bathrooms
  • Combined Lounge/Dining
  • Electric Stove
  • Very Good Interior Condition
  • No Garaging or Carport
  • Concrete Tile Roof
  • Good Exterior Condition
  • Urban Views
  • City Views
  • Street Frontage
  • Shops Nearby
  • Public Transport Nearby
  • Cooktop Oven
  • Light Fittings
  • Blinds
  • Rangehood
  • Dishwasher

Recent listings.

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10D/40 The Terrace, Wellington
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Your dedicated team.

We’re here to guide you through selling your home with care and dedication. Our team is committed to making your experience smooth and stress-free.

We value open communication, attention to detail, and honesty, ensuring that you always feel supported and informed. We recognise that each person’s needs are unique, so we tailor our approach to fit you.

Our goal is to make you feel comfortable and confident every step of the way. Let’s work together to make your home-selling journey a positive one.