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903/111 Dixon Street, Te Aro, Wellington City

9% GROSS YIELD - STRONG RENTAL RETURNS

dollar

Enquiries Over $550,000

Apartment
Apartment
Bedroom
2
Bathroom
2
Floor area
71m2
Title type
Unit Title
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Property details

Listing # RX4890972 | Listed on 25 February

Investors - This One Delivers!



Secure dual income, flexible living, and a proven rental history with this high-performing Dual-Key opportunity in the heart of the City.



Apartments 903 & 903a at 111 Dixon Street offer the best of both worlds:

  • A sun-soaked West-facing 1-bedroom apartment
  • An East-facing studio capturing the morning light


Positioned on Level 9 above neighbouring buildings, both apartments enjoy excellent natural light, sunshine, and an elevated outlook away from the bustle below.



Returning a combined $50,440 per annum, the current tenancies comprise:

  • 903 (1 Bed): $550pw - fixed term until April 2027
  • 903a (Studio): $420pw - periodic tenancy


At the current price guide, there’s potential for an approximate 9% gross yield.



Completed in 2019, these modern apartments combine industrial-inspired design with practical, low-maintenance living:



  • Concrete feature walls and contemporary finishes
  • Fully self-contained layouts with separate kitchens, bathrooms, and laundries
  • Double glazing for warmth and quiet
  • Juliet balconies for airflow and fresh air
  • Clever Murphy bed included in the studio
  • Body Corporate Fees: $8,169.64 per annum


Continuously tenanted since completion, this sought-after location appeals to investors, city professionals, parents seeking accommodation for university-aged children, or buyers wanting to live in one and rent the other.



Viewings are available by private appointment only.



Contact Tia and Courtney today.



Offer are invited upwards of $550,000.



**Information displayed under Trade Me’s property details section may be sourced from third-party records and council data. Lowe & Co Realty and its agents do not guarantee or warrant its accuracy. Purchasers should verify all details independently and are advised to seek independent advice.**



^Source of information: Property Guru, Nexus, Wellington City Council (non-verified).

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