Live in or Lease out

This one bedroom apartment in the St Pauls Apartments sits in a prime location and has excellent potential for capital growth.

Currently leased to a serviced apartment operator (until September 2021) with an attractive guaranteed rental ($20,370 pa for 2018) plus a 2% annual rent uplift.
New owners can have best of both worlds, as the lease also has a provision for owners to move in for as long as they like.

Ideal for investors with kids currently studying at Victoria uni, as it's only 400 meters from the Pipitea campus.

Features include:
- Open plan lounge, dining, kitchen
- Double bedroom with large wardrobe
- Bathroom with shower
- Storage locker in the basement
- Recently painted
- Walking distances to Parliament, government department buildings, railway station, Lambton Quay, cafes, shops, Thorndon New World, Botanic Gardens.

The complex is currently under remediation, the work on this apartment has been completed.
To be sold by deadline sale (by 20 Sep)

Open Home Thur 6 Sep, 5pm - 5:45pm
Sun 9 Sep, 1pm - 1:45pm
Sun 16 Sep, 1pm - 1:45pm
Access for open home: enter the complex from the Pipitea street gates and follow signs.