Stunning Corporate Investment $50,000 BELOW VALUATION!

Stunning Corporate Investment $50,000 BELOW VALUATION!

If you are looking for a quality investment, in the heart of the government precinct, with everything that discerning government and corporate clients / tenants want, then you will already know that they are few and far between. This is a rare opportunity to secure a piece of luxury investment, in unparalleled location, with all the trimmings that you expect with 5-star style and service.

The surroundings are suitably sumptuous and (being situated in the penultimate 17th floor) the city views (with peeks of the harbour) are awesome... this combination creates an environment that allows discerning corporate execs to unwind and relax at the end of a full business day, whilst also reminding them they are right in the middle of "the coolest little capital in the world".

The Bolton Hotel boasts true 5-star service & style. A restaurant and bar for meeting clients and friends; a gym, swimming pool, spa and sauna; and for those who need some real pampering, there is of course room service and a hotel Concierge for your convenience. Owners also enjoy a discount for restaurant services, including room service, and arrangements can be made for a morning newspaper and housekeeping services.

TAKE NOTE: this apartment is one of the few in the building that are NOT leased back to the hotel. This means, of course, that you have total control over your asset and your cash-flow. You can rent it out long-term (as the current owner has enjoyed for several years), or short term, allowing you the opportunity to offer it to overseas guests when appropriate, or even keep it for your own pampering weekends in the city, if you live out of town.

You can also relax, safe in the knowledge that your investment complies with all council requirements, and is also fully earthquake resilient - in fact it is 103% NBS (engineers letter available).

This luxury apartment has been reliably rented for between $900 and $1200 per week for the last three years. The current rental is $900pw, and the carpark is leased back to the hotel for $325 monthly. We have a current Registered Valuation at $675,000.

FEATURING:
* Two good bedrooms.
* Walk-in wardrobe.
* Sizeable designer bathroom.
* Stylish kitchen with stone benchtops.
* Awesome city views.
* Balcony.
* Undercover car park.
* Full hotel facilities.
* Fully furnished so your corporate tenants can just bring their suitcase and move in.

CASHFLOW:
* Apartment rented (to a long term IRD contractor) for $900pw on a 12-month tenancy expiring February 2015.
* Car park separately leased to the hotel for $325 monthly.
* Gross rent $50,700pa
* Body Corporate fees & rates $10,131.20pa.
* Net Rent $40,568.80pa.
(Remember: the rent has been as high as $1200pw, which would take the net rent to circa $56,000pa.)

Don't waste time - apartments of this quality and location are in limited supply and high demand. Come and take a look at this sleek boutique city let, and see if you can say no. Come and see it at an open home, or call me (Adam) today for further information.