504/75 Featherston Street, Wellington Central, Wellington

CBD Investment with potential

This one bedroom apartment is an investment vehicle only. You are purchasing a managed investment administered by Hotel Management (Featherston St) Limited. The lease agreement with Hotel Management (Featherson St) Limited is in place until 31 October 2033.
The manager of the Hotel complex is Rydges Hotel Wellington an internationally recognized provider of superior accommodation and service.
The unit has to a net return of $7,742.87 (April 2014 to October 2014).
The unit net return was $10,668.67 (April 2013 to March 2014)
As you would expect guests of the Rydges Hotel Wellington enjoy access to the restaurant, bar, lap pool, spa, sauna, fitness centre and conference facilities.
Pre contract disclosure and 2013, Hotel Management Limited Annual Report are available for viewing.
This unit is for sale at an asking price of $160,000, so please complete your due diligence and make an offer.