1F/242 Taranaki Street Mount Cook, Wellington City

This attractive, well-designed one-bedroom apartment featuring a practical open-plan layout and excellent natural lighting. The location is superb, situated on the main bus route and near local amenities, it is steps away from shops, cafes, and the local supermarket.

With moderate outgoings and a convenient location, this apartment is ideal for your child at University or for an out of town investors seeking a hands off easy care investment, The property is leased to Massey University till 30 November 2026, You will received a Net monthly payment with all building expense deducted.

At a Glance:

• Body Corporate Levies: $$4,557.37 per annum include Building Insurance. (May 2026 - 30 April 2027)
• Capital Value (RV): $131,000
• Annual WCC Rates: $744.89 (1 July 2025 - 30 June 2027) Plus water rates.
• Lease Expires: 30 November 2026
• Floor Area: 34m2 (approx.)
• Current Income: $1,416.84 Gross per month (After building expenses and BC Levies deducted $964.08 Net)
• The apartment has recently been re-carpeted, new sofa and chairs
• NBS Rating 60% Note; The Earthquake NBS Rating was assessed before the earthquake strengthening had started.
• Furniture included (Optional)
• Legal Description: UNIT 1F DP 361399 1/86 SH AU90
• Estimated market rent; $340 - $360 per week (Privately rented after 30 November 2026)

At the asking price of $138,000 this is an opportunity not to be missed

For more information, please contact me for a Property Information Pack. Viewing by private appointment only.