Enjoy the convenience and ease of this hands free investment, located in Wellington's heritage MLC building.
Positioned in a fantastic central location within the heart of Wellington's business district. Only a short stroll to the waterfront and easy access to Wellington's top boutique shops and restaurants.
This fully furnished large studio apartment is managed by Quest Hotel on a long term lease agreement until 2028 with rent reviewed every two years.
This opportunity is available to all investors including overseas buyers with the current rental income of NZD$18,425 per annum.
The Body Corporate fees are $5,353.44 and council rates are $2,506.35 (both per annum).
To be sold by Deadline Sale on Thursday 27 May 2021 at 12noon (unless sold prior).
Rateable Value $175,000 (2018).
Viewing is by appointment only.