308/120 Victoria Street, Te Aro, Wellington

Fully furnished Te Aro apartment

Located in the heart of Te Aro, this well-presented apartment offers broad appeal for owner-occupiers, lock-up-and-leave use, and, investors alike.

The apartment features generous open-plan living with excellent natural light, a modern kitchen, two comfortable bedrooms, a contemporary bathroom, and a valuable study nook or work-from-home space. Thoughtfully designed and well maintained, it also includes internal laundry and contemporary finishes throughout. Offered fully furnished, it is ready to go from day one.

Positioned within a secure apartment building just moments from Cuba Street, Courtenay Place, the waterfront and public transport, the location is hard to beat.

Investor insight
The apartment is currently operating as a short-stay rental, achieving approximately 65% occupancy, reflecting strong demand for its size, quality and Te Aro location. An independent appraisal indicates indicative nightly rates of $225-$275 (2 guests) and $295-$355 (4 guests). The appraisal further notes that including a car park could increase occupancy by around 15%. (Figures indicative only.)

A secure off-site car park is available nearby at approximately $252 per month.

Body Corporate Levy: $7,900 p.a. (includes insurance)
Rates: (to be confirmed - WCC site currently down)

A smart inner-city option offering flexibility, performance, and future upside.