Unit 4c, 242 Taranaki Street, Mount Cook

Unit 4c, 242 Taranaki Street, Mount Cook

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By Negotiation
Buyer Enquiry From $205,000
  • Bed Icon 3
  • Bath Icon 1
Floor Area: 53m² approx

Hands Off High Yielding Investment

Purpose built as student accommodation in 2006, The Cube offers an incredible opportunity to be part of a high yielding investment property with none of the usual pain and heartache of being a Landlord.

Currently leased to and managed by Massey University until 2020 (with 2 further rights of renewal), this 3 bedroom apartment generates a gross annual income to the owner of $25,891. After expenses of Body Corporate, management fees and repairs have been deducted, the apartment generated a net income to the owner of $19,427 last financial year - a net return on investment of in excess of 9%.

* Please note that the photos provided are similar to the apartment being sold but are not specifically of apartment 4c.

Enter off Taranaki Street and take the lift or the stairs to the fourth floor.

Open plan kitchen/lounge is spacious and light. Features an oven, hobs and ample storage space.

1. Double bedroom

2. Double bedroom

3. Double bedroom

1. The bathroom features a toilet, sink and a shower.

There is a communal laundry located on the ground floor of the complex.

Charles Morley-Hall
Charles Morley-Hall