Set in picturesque Thorndon overlooking Old St Paul's, this one bedroom apartment is ideal for hands-off investors. Leased to a serviced apartment' operator for the next 5-10 years, it creates income of $23,280 a year (with annual increases of 2%).

Without the worry of occupancy rates or tenant changeover, owners can get on with their busy lives.

Features include:

- Private north facing patio with cathedral views

- Open plan living and dining with spacious kitchen

- Double glazed for peace and quiet

- Storage locker

CCC issued in December 2020 following remediation. The RV of $315,000 is not indicative of the current market value.

Rates:$1,024.70

Body Corporate: $4,820.80

Total area approx. 47m2 (including patio & storage locker)*

(* recorded on unit plan attached to Title)

Vendor Information Pack (available on request):

LIM, 2020 CCC, Body Corp & Lease documentation, Chattels list & Property Summary

Call Elena on 021 150 9993 to arrange a viewing.