10B/35 Johnston Street, Wellington Central, Wellington, Wellington

Perfectly located in the heart of the Wellington CBD, we have a fabulous opportunity for you to add to your investment portfolio or make the jump onto the investment ladder.

This modern 25sqm studio apartment is located in the Quest building (10B/35 Johnston Street), it is on leaseback with Quest until the 30th of September 2033 and currently provides a gross return of 8.56%, 5.43% nett after BC Fees and rates are taken into account.

The lease contract ensures guaranteed returns indexed to inflation annually plus ease of management with Quest who manage the particulars of renting out the unit, cleaning and providing secure access.

It is fully furnished and a complete chattel list is available on request. Insurance is included in the Body Corp fees ($7,886 pa) and the building has a NBS earthquake rating of 93%. The unit includes a modern open plan living area with bed, armchair and dining table, as well as the kitchenette and bathroom.

Quest has an onsite fitness centre for guests, and self-parking. It is a quick 1 minute walk to Lambton Quay, and 2 minutes to the beautiful Wellington Waterfront.

The unit is a commercially rated investment property, and will be sold exclusive of GST. It would suit an investor that is GST registered with all of the advantages that entails.

Please contact Alan Wilson for an appointment to view and for copies of documentation for this property.