Cash Cow seeking Cash Buyer
Molesworth House is a superbly located mixed use building, cited directly opposite Thorndon New World. Converted into a spacious 150 sqm (approx) single level apartment in the early 2000s, this has been held by the current owners' family ever since.
Taking in breath- taking harbour and city views from Petone to Oriental Parade, this light-filled apartment features a modern open plan kitchen connecting to a large dining and living area. The property boasts three spacious double bedrooms, and two tiled bathrooms. The master is a generous size and includes a walk in wardrobe and ensuite. There is a single on-site carpark on a separate title.
Combined RV $968,000 (apartment and carpark)
Healthy homes compliant the current rental is $900 per week (periodic tenancy, including carpark)
Annual Rates: $4,152.75 Unit $205.01 Carpark
Annual BC fees: $15,896.16 Unit $775.64 Carpark
What's the catch?! 8a Molesworth House has been attractively priced, due to future works planned for the building and a low seismic rating. In 2022 exterior resealing works are planned. It is anticipated that the total cost of these works will be funded through Body Corporate funds. Whilst not presently on the WCC list of earthquake prone buildings, it is understood that Molesworth House has a 39% NBS rating with no planned strengthening work. Further information including a Vendors' disclosure statement in relation to the seismic position of the building is available on request.
Viewing by appointment only.
Deadline for offers is 1pm, Wednesday 8th December 2021
Taking in breath- taking harbour and city views from Petone to Oriental Parade, this light-filled apartment features a modern open plan kitchen connecting to a large dining and living area. The property boasts three spacious double bedrooms, and two tiled bathrooms. The master is a generous size and includes a walk in wardrobe and ensuite. There is a single on-site carpark on a separate title.
Combined RV $968,000 (apartment and carpark)
Healthy homes compliant the current rental is $900 per week (periodic tenancy, including carpark)
Annual Rates: $4,152.75 Unit $205.01 Carpark
Annual BC fees: $15,896.16 Unit $775.64 Carpark
What's the catch?! 8a Molesworth House has been attractively priced, due to future works planned for the building and a low seismic rating. In 2022 exterior resealing works are planned. It is anticipated that the total cost of these works will be funded through Body Corporate funds. Whilst not presently on the WCC list of earthquake prone buildings, it is understood that Molesworth House has a 39% NBS rating with no planned strengthening work. Further information including a Vendors' disclosure statement in relation to the seismic position of the building is available on request.
Viewing by appointment only.
Deadline for offers is 1pm, Wednesday 8th December 2021