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  • 2 beds
  • 1 bath

12/79 Manners Street Te Aro

For Sale
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This property has been sold. Would you like more information on the sale, or do you have a property you'd like to discuss selling?


Net Yield 9.5%

Welcoming both owner occupiers & investors who consider themselves a SMART CASH BUYER, this very sunny penthouse is a DEAL you must not miss! The owner is highly motivated and wants it sold, so get in quick! You cannot find a place more central in Wellington like this: Location, Location, Location!

Renaissance Apartments was added to the historic BNZ building, designed by prominent architect William Turbnbull in 1912. This historic building has architectural value for its richly-ornamented facade designed in the Edwardian Baroque style, and an impressive banking chamber, largely intact. The building has considerable townscape significance, occupying a prominent corner site in what is a major focal point within the city.

Features Include: - 78m2 (as per title) includes balcony/deck - Currently rented at $670/week gives it Net Yield of 9.5 %.(Net yield calculation has been based on 52 weeks of rent less bodycorp, less council rates). - Fixed term tenancy ends 31st July 2021. - 2 double bedrooms, 1 recently renovated bathroom. - Northeast facing penthouse apartment that captures all-day sun. - Spacious wrap-around balcony with access from lounge and bedroom. - Fantastic location. Practically located close to everything making life super convenient - Public transport, shops, cafes, the waterfront and so much more. - Apartment is fully furnished. - Hideaway laundry in the bathroom. - Ability to utilize as an Airbnb. - Council Rates: $1,006.07 per year - Body Corp Levy: $11,988 per year

Disclosure: This building is listed as earthquake prone. Cash buyers wanted! The Bodycorp is working towards bringing the building up to a higher NBS rating. For all known disclosures, refer to the info pack. Contact me now, for the info pack and a private viewing.


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