Listed: Wed, 29 Apr

Invest with Quest - Guaranteed Income

6B/35 Johnston St, Wellington Central, Wellington, Wellington

Asking price $85,000

1 Bed
1 Bath
25m² Floor
0m² Land

Attribute	Value
Property type	Apartment
Parking	0 Parking Space
Smoke alarm	No
Agency reference	17752
Broadband in the area	Fibre, ADSL, Satellite, VDSL, Wireless

Pricing exclusive of GST. 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 2029 with a further two renewal options of four years available. The apartment currently provides a gross income of $16802.65 incl GST per annum which is 6% nett on the asking price after BC Fees of $7901 and rates of $3026.16 per annum are taken into account, a lot better than the bank rate with the added advantage of capital gains over time.

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 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.

Open home times

No times scheduled

Property Files

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Local Schools

IN ZONE wellington girls' college
18 Pipitea Street
894 m
Secondary (Year 9-13) (Secondary), State, 1436 enrolled
IN ZONE mt cook school (wellington)
160 Tory Street
1.6 km
Full Primary (Primary & Intermediate), State, 290 enrolled
IN ZONE wellington high school and com ed centre
Taranaki Street
2 km
Secondary (Year 9-13) (Secondary), State, 1679 enrolled

IN ZONE wellington college
Dufferin Street
2.3 km
Secondary (Year 9-13) (Secondary), State, 1940 enrolled
IN ZONE st oran's college
550 High Street
14.6 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 507 enrolled
IN ZONE hutt international boys' school
Granville Street
26.9 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 655 enrolled
OUT OF ZONE clifton terrace model school
15 Clifton Terrace
324 m
Full Primary (Primary & Intermediate), State, 63 enrolled
UNZONED sacred heart cathedral school
Guilford Terrace
790 m
Full Primary (Primary & Intermediate), State : Integrated, 219 enrolled
UNZONED st mary's college (wellington)
15 Guildford Terrace
796 m
Secondary (Year 9-13) (Secondary), State : Integrated, 553 enrolled
UNZONED te aho o te kura pounamu
11 Portland Crescent
938 m
Correspondence (Primary, Intermediate & Secondary), State, 8733 enrolled
OUT OF ZONE thorndon school
20 Turnbull Street
1 km
Full Primary (Primary & Intermediate), State, 268 enrolled
UNZONED queen margaret college
53 Hobson Street
1.2 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 760 enrolled
OUT OF ZONE wellington east girls' college
Austin Street
2.3 km
Secondary (Year 9-13) (Secondary), State, 1016 enrolled
UNZONED samuel marsden collegiate school
Marsden Avenue
2.7 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 414 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.