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903/111 Dixon Street

Te Aro Wellington

2
2
71 m²
Apartment
Currently for sale - view listing

Overview

9% GROSS YIELD - STRONG RENTAL RETURNS

Investors - This One Delivers! Secure dual income, flexible living, and a proven rental history with this high-performing Dual-Key opportunity in the heart of the City. Apartments 903 & 903a at 111 Dixon Street offer the best of both worlds: - A sun-soaked West-facing 1-bedroom apartment - An East-facing studio capturing the morning light Positioned on Level 9 above neighbouring buildings, both apartments enjoy excellent natural light, sunshine, and an elevated outlook away from the bustle below. Returning a combined $50,440 per annum, the current tenancies comprise: - 903 (1 Bed): $550pw - fixed term until April 2027 - 903a (Studio): $420pw - periodic tenancy At the current price guide, there's potential for an approximate 9% gross yield. Completed in 2019, these modern apartments combine industrial-inspired design with practical, low-maintenance living: - Concrete feature walls and contemporary finishes - Fully self-contained layouts with separate kitchens, bathrooms, and laundries - Double glazing for warmth and quiet - Juliet balconies for airflow and fresh air - Clever Murphy bed included in the studio - Body Corporate Fees: $8,169.64 per annum Continuously tenanted since completion, this sought-after location appeals to investors, city professionals, parents seeking accommodation for university-aged children, or buyers wanting to live in one and rent the other. Viewings are available by private appointment only. Contact Tia and Courtney today. Offer are invited upwards of $550,000. **Information displayed under Trade Me's property details section may be sourced from third-party records and council data. Lowe & Co Realty and its agents do not guarantee or warrant its accuracy. Purchasers should verify all details independently and are advised to seek independent advice.** ^Source of information: Property Guru, Nexus, Wellington City Council (non-verified).

Features

2 bedrooms
2 bathrooms
71 m² floor area
Apartment

Happy sellers in Te Aro

63%
63% of sellers in Te Aro reported that their sale price either exceeded or met their price expectations.

Te Aro stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 76 reviews in Te Aro over the last 12 months.

Local market activity for 2 bedroom apartments in Te Aro

In the last 12 months, 40 two-bedroom apartments similar to 903/111 Dixon Street, have been sold.

This represents a 135% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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