Wellington Central 17E/12 Bolton Street

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$581,000

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Stunning Corporate Investment $50,000 below Valuation!

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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 clients want, then you will know that they are rare. This is your opportunity to secure a piece of luxury investment with all the trimmings that you expect with 5-star style and service.

The Bolton Hotel boasts a restaurant and bar; a gym, swimming pool, spa and sauna; and there is a hotel Concierge on call. Owners enjoy a discount for restaurant services, room service, and a morning newspaper and housekeeping services can be arranged.

TAKE NOTE: this apartment is NOT leased back to the hotel. This means that you have total control over your asset and your cashflow. You can rent it out long-term or short, allowing you to offer it to overseas guests, or even keep it for your own weekends in the city.

You can also relax, safe in the knowledge that your investment complies with all council requirements, and is 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 of $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
CASHFLOW:
Apartment rented 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 $40,568pa. (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.