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Investment Return Circa 4.6% - 5% Nett Per Annum

Thorndon, 508/107 Thorndon Quay


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Listing Number: WL24919
About this listing
Blue Chip tenant takes occupation of this exceptional Penthouse Apartment in Stadium Gardens. The rental lease is for three years with two rights of renewal, 9 years inclusive.
Your passive income and investment for retirement or a change in lifestyle can now be realised. You take control and live the life you want. This apartment is situated in the Penthouse of Stadium Gardens. It offers a substantial floor plan covering 206m² with indoor/outdoor living from all three bedrooms as well as from the vast open-plan kitchen/dining/living room. The property is well appointed with modern chattels, fixtures and fittings. Recent improvements include new, quality carpeting and an interior repaint throughout the apartment. The feel is sophisticated, modern and enjoys attractive city and sea views, light and sun imbue this home plus there are two single carparks on a separate freehold titles. Full property management is in place for the apartment, as well as building management. This property is great value given size, location and investment return. Combined RV for the Apartment and the 2 car-parks $868,000 (2017/2018).
Property Information
  • Approx Floor Area: 206 sqm
  • Tenure: Stratum in freehold
  • Tenure Detail: RV for the Apartment and the 2 car-parks $868,000 (2017/2018). Combined Rates: $4,163.10 (apartment and 2 x carparks). Carparks: Unit G37 DP304209 CT 17011. Unit G38 DP 304209 CT 17012
  • Property Type: Apartment
  • House style: Executive, Contemporary
  • Unit style: Highrise
  • Garaging / carparking: Auto doors (Number of remotes: 2), Free standing
  • Construction: Concrete Mixture
  • Joinery: Fully double glazed, Aluminium
  • Roof: Iron
  • Insulation: Double glazed windows 100%
  • Flooring: Tiles, Timber and Carpet
  • Window coverings: Blinds
  • Heating / Cooling: Electric
  • Electrical: Satellite dish, TV points, TV aerial, Phone extensions, Smart wiring
  • Property Features: Security system, Smoke alarms, Other (Alarm)
  • Chattels remaining: Fixed floor coverings, Stove, Curtains, 2 x Heated Towel Rails, 2 x Dish Drawers/Dishwashers, Washing Machine, Dryer, 2 x Auto Door Openers, 2 x Lift Nibs, Fridge/Freezer, Rangehood
  • Kitchen: Open plan, Rangehood, Extractor fan, Double sink, Waste disposal, Breakfast bar, Microwave, Pantry and Finished in Granite and Other (Dish Drawers x 2)
  • Living area: Open plan
  • Main bedroom: Double and Walk-in-robe
  • Ensuite: Separate shower
  • Bedroom 2: Double and Built-in / wardrobe
  • Bedroom 3: Double and Built-in / wardrobe
  • Additional rooms: Other (Outdoor living x 2 decks)
  • Main bathroom: Bath, Shower over bath
  • Entrance: Secure Entry
  • Laundry: Separate
  • Views: City, Water, Waterfront, Urban
  • Aspect: South, East
  • Outdoor living: Entertainment area (Covered), Deck / patio
  • Land contour: Flat
  • Water heating: Electric
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to transport, Close to shops, Close to schools
  • Legal details
    • Body corp fee $: 13565.50

Contact Details

Property Location

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