Invest with Quest - Guaranteed Income

Pricing exclusive of GST. Perfectly located in the heart of the Wellington CBD, we have a fabulous opportunity for you to add to your investment portfolio or make the jump onto the investment ladder.

This modern 25sqm studio apartment is located in the Quest building at 35 Johnston Street, it is on leaseback with Quest until the 30th of September 2033 with a further renewal option of four years available. The apartment currently provides a gross income of $16802.65 incl GST per annum, nett $5875.49 including GST pa after BC Fees of $7901 and rates of $3026.16 per annum are taken into account, essentially 6% pa nett on the asking price, a lot better than the bank rate with the added advantage of capital gains over time.

The lease contract ensures guaranteed returns indexed to inflation annually plus ease of management with Quest who manage the particulars of renting out the unit, cleaning and providing secure access.

It is fully furnished and a complete chattel list is available on request. Insurance is included in the Body Corp fees and the building has a NBS earthquake rating of 93%. The unit includes a modern open plan living area with bed, armchair and dining table, as well as the kitchenette and bathroom.

Quest has an onsite fitness centre for guests, and self-parking. It is a quick 1 minute walk to Lambton Quay, and 2 minutes to the beautiful Wellington Waterfront.

The unit is a commercially rated investment property, and will be sold exclusive of GST. It would suit an investor that is GST registered with all of the advantages that entails.

Please contact Alan Wilson for an appointment to view and for copies of documentation for this property.