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  • 2 beds
  • 1 bath

U15B/35 Johnston Street Wellington Central

For Sale
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CBD Passive Investment

As an investment opportunity it is has everything you are looking for.This high floor fully furnished apartment is a serviced apartment under Quest Hotel management providing guests with reliable boutique accommodation in the central city. Situated on Johnston Street, it is the perfect location regarded as the golden triangle, being Parliament, Lambton Quay and The Waterfront.

Striking returns, attractive location with fixed gross revenue $27,606 per annum + GST (if applicable). Under lease to hotel operators until 30/09/2029 and with rent review every 4 years.

Featuring:

-93% NBS -Free hold title -Sunny North facing on floor 15 -Spacious 66m2 floor size -Recently refurbished -Fully furnished -Not available for owner occupation. Fixed term hotel lease agreement -Secure building -Guest Gym -Built 1990s

WCC Rates $4,797.86 pa
Body corp. circa $13,300.63 pa

BEO $260,000 + (Plus GST if any) sale, and therefore zero rated for GST registered purchasers

Great addition to your portfolio!

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