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506/142 Vivian Street Wellington, Wellington

My owners are very happy — I've been sold!

62m2 floor area

0m2 land area

2 Bedrooms

2 Bathrooms

Dual Apartments with Dual Income = Multiple Options

Two apartments on a single title in a modern building. This is a fabulous Central City investment or live in one and rent out the other.

The purpose built complex has retail shops on the ground floor and 30 dual apartment units on the five upper floors.

Each apartment has its own entrance to the main hallway (no typical dual key shared entrance)

The one bedroom unit features an open plan kitchen/living area with access to an adjoining balcony and a double bedroom with built in wardrobes. The kitchen includes a Formica bench top and Melteca cabinetry, waste disposal unit, electric hob and oven, rangehood, dishwasher, refrigerator and combination washing machine/dryer.

The studio apartment comprises a bed sitting/living area, being open to the kitchen and a separate bathroom.

Fixtures and fittings are similar in both apartments and the studio unit also includes full furnishings by way of furniture, crockery and cutlery, electrical items and appliances. Both bathrooms include a shower cubicle, toilet, vanity and extractor fan.

Both units are currently rented on fixed terms:
Apartment 505 ($295 per week, fixed to February 2017)
Apartment 506 ($390 per week)

The apartments are on the fifth floor, face east and receive good natural light and sun. The view is across Te Aro to Mount Victoria. Access to the building is secure via card access with audio intercom and automatic front door release from each apartment.

Centrally located on Vivian Street, within close proximity of Courtenay Place and Cuba Street, Wellington's pre-eminent entertainment area.

It is also within easy walking distance of both the main Victoria and Massey University Campuses and the University School of Design and Architecture is located immediately opposite.

The dual apartment concept offers owners a range of investment possibilities. The one being that as a purely investment property one has access to two rental streams. As an owner occupier one also has the ability to live in one apartment and to let the other. The unit can also be rented as a single apartment.

Apartment 505 and 506, Dual Apartments, 142 Vivian Street, Te Aro, Wellington 6011

Chattels Remaining
Fitted floor coverings, light fittings, window dressings, whitewhare and full furnishings to the Studio Apartment.

Asking price: By Negotiation