58 Thompson Street, Mount Cook, Wellington, 6011, New Zealand
What an incredible investment opportunity. Where else can you get an 8.5% gross yield, with the ability to have your mortgage interest tax deductible? Renovated throughout with 11 bedrooms and 3 showers, this short term accommodation business provides a fabulous income in the heart of Mt Cook.
This renovated property is perfect for those seeking a bustling business or perhaps even a large blended family home. The modern communal kitchen and separate lounge area provide ample space for relaxation and socializing. 3 WC’s & 3 showers ensure convenience isn’t an issue. Outside there’s a lovely deck and bbq area, perfect for soaking up the sun or dining al fresco. The laundry is located downstairs with easy access to the deck and washing line.
Recent renovations include a full repaint inside and out, new carpet, a new deck, a new kitchen with modern new appliances (including a Fisher and Paykel 90cm gas oven, dishwasher and fridge/freezers) and more. The reliable tenants in place are keen to stay on and the vendor reports that the property is easy to manage. Or if you prefer, vacant possession is also an option. Generating an impressive annual rental income of over $172,000, this property represents a fantastic opportunity. Whether you’re looking to expand your short-term accommodation portfolio or seeking a versatile home, number 58 Thompson Street delivers.
Situated in the vibrant Mount Cook neighborhood, this property benefits from easy access to all the amenities and lifestyle the area offers. Thompson Street is conveniently located a 5 minute walk to Cuba Street and the city. There is plenty of on-street parking available.
