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903/111 Dixon Street, Te Aro, Wellington City

9% GROSS YIELD - STRONG RENTAL RETURNS

dollar

$549,000

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 is for you!



On offer is your opportunity to invest, hold and profit from this Dual-Key Delight.



Comprising a West-facing 1 Bedroom apartment, drenched in afternoon sunshine AND an East-facing Studio apartment positioned to capture the morning sunlight.



Apartments 903 and 903a, 111 Dixon Street, exemplify the flexibility and security that a Dual-Key Apartment can offer!



With two sitting Tenancies and a history of being a reliable, sound rental. The current Tenancies are comprised of;

*Apt 903 (1 Bed): $550pw in rent and on a Fixed-Term Lease until 26 April 2026

*Apt 903a (Studio): $420pw in rent and on a Periodic Lease



Their double income streams bring in a combined $50,440 in rent per year - there's potential for you to yield approx 9% (gross) on your investment.



Perched on level 9, with clearance above the neighbouring buildings, 903/111 Dixon Street sits high above the busy City streets and enjoys unobstructed daylight and sunshine.



Thanks to their sought-after location, in the heart of the City, these apartments have been continuously tenanted since the Complex's completion in 2019.



Here, you have the opportunity to invest and hold both apartments as rentals or move into one of them and rent out the other.



About the Apartments themselves;

Completed construction in 2019

Modern, minimal design with concrete feature walls giving an industrial vibe

Both apartments are fully self-contained with their own full kitchens, bathrooms and separate laundry

The studio apartment maximises space with the ingenious use of a 'Murphy' fold-away bed (included in the sale)

Double glazing keeps the apartments warm in Winter and quiet from the outside world

Juliet Balconies facilitate air flow, keeping the apartments fresh in the Summer season

Moderate Body Corporate Fees of $8,169.64 per annum



Whether you're looking for an investment, a City Bolt-hole, a home for your Uni-Aged Child while they study, or maybe even your first home. Their brilliantly appointed City location and flexible living arrangements makes 903/111 Dixon Street an unmissable opportunity!



With viewings only available by private appointment - Contact Tia and Courtney for yours today.



Offers are invited upwards of $550,000.



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

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