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Bartercard Property

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0508 227 837
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Testimonials/Reviews

View our testimonials to see how business owners increase their profitability
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We had a fairly substantial amount of Bartercard Trade Dollars to spend and wanted to use most of them in the property market, after some consideration we decided to purchase a property that would provide income - not just long-term capital gain.

- Nikki Barrett
bartercard australia
 

Wellington - Revolucion Dual Key Apartment


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RegionWellington
Property TypeResidential
Asking Price $562,000
Trade Dollars $84,300
Cash Dollars $477,700
Price Notes
15% Trade
Sold Date13/07/2015
Vendors AgentPaul Charlett
021 48 54 54
paul@investmentproperty.co.nz
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Conditions
 
Three Streams Of Income From One Property!

Features:
  • 86.4m2 freehold apartment
  • Well designed, high quality and low maintenance dual income apartments
  • Gross yield of 8.09%, net yield of 6.01% (on the cash component). Well above the gross yield for the area due to the 2 income streams from 1 title configuration
  • Strong potential for growth being on the southern city fringe with growing population
  • Experienced developer who keeps a high percentage of the properties in all of his developments
  • Leasehold car park included in purchase price. The ground lease for the first three years is $0. Current ground rent (car parks only) is $2,800 per annum
  • Taylor Property Management (the complex property manager) is the tenant in the studio, and has been using this as their office since the development was completed
  • Photos are from a typical unit in the complex
Download Property Investment Report
 
  • Located at 28 Torrens Terrace, Te Aro, Wellington

 
For more information please contact Paul on 021 48 54 54

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Cameron Owen

09 414 6837