91/43 Mulgrave Street Thorndon, Wellington City

This two bedroom apartment in the heart of Thorndon presents a rare opportunity to buy your very own patch in the sought-after St Pauls apartments.

The apartment has the best layout I have seen in the complex. You will love the spacious open plan living space which is full of natural light. Light and bright spaces such as these can be hard to find when opting for apartment living.

The apartment is currently leased to a serviced apartment operator with an attractive guaranteed rental ($29,388 pa for 2019) but the new owners will have an option to move in and stay as long as they like.

There is more: you will have an opportunity to reinstate the lease and keep collecting guaranteed income should your plans change and you need to move on.

Ideal for investors with kids currently studying at Victoria uni, as it's only 400 meters from the Pipitea campus. Place your kid there with a buddy and collect rent to subsidise your mortgage.

Features include:

• Very large open plan lounge, dining, kitchen with large windows capturing midday sun
• Two double bedrooms with large wardrobes
• Modern upgraded bathroom with shower
• Secured car park in the basement
• Storage locker in the basement
• Double glazed brand new windows
• Furnished (lounge, dining, bedrooms, whiteware)
• Walking distances to Parliament, government department buildings, railway station, Victoria uni Pipitea campus, waterfront, Lambton Quay, cafes, shops, Thorndon New World, Botanic Gardens.
• NBS 80%

The complex is currently under remediation, but the work on this apartment has been completed. The property has an excellent potential for capital growth once the entire project is finished.

Access for open home: enter the complex from the Pipitea street gates and follow signs.