Recently released from a long term hotel lease, this apartment has been meticulously maintained to meet the needs of executive clientele. The owners, having benefited from this strong yielding asset for the last 14 years, urgently need this sold to complete their plans on another property.

Centrally located in the heart of the CBD on the corner of Lambton Quay, investors seeking professional tenants can secure long term cashflow in a building that retains the character of the Art Deco era. For parents that have children attending universities, this is a quiet, secure option from traditional student halls where hard work and study can be the focus.

• Large studio apartment with private ensuite and laundry facilities
• Common areas maintained by a reputable national hotel chain
• Apartment maintained to a high standard and has not been occupied since the end of the hotel lease
• North facing with high stud and windows to maximise natural light
• Able to be occupied immediately, or rented out both long and short term
• Access to Parliament, Government departments, major entertainment venues and main shopping district, and two of the largest universities in the country
• Body corporate levy - $6,264.97
• Council rates - $952.62
• Rental Appraisal $450-$480 per week

If you are wanting to lock in tenants ready for Wellington's busy rental season at the start of the New Year, this yield has been set to ensure the property provides cashflow from the outset.

The property has been priced to indicate the vendors firm inclination to sell, all offers are welcome.

*The nett yield of 7.8% has been calculated based on rent of $470 per week, across 52 weeks of the year, and deducting the annual body corporate levy and Wellington City Council rates.