10/1 Rintoul St, Newtown, Wellington City, Wellington

Stamp yourself on Wellington's history by owning a unique apartment in one of Wellington's best-known buildings.

The wedge-shaped Ashleigh Court building is the architectural keystone of Newtown. Unit 10 is on the first floor and is one of just 4 residential apartments in the building, and situated above the commercial premises on the ground floor. There are three gigantic bedrooms, any one of which could double as a second living area. Each bedroom has a Juliette balcony overlooking Riddiford St.

Creative use of engineered wood panels has produced a beautiful and distinctive theme throughout the kitchen, lounge and bathroom areas. Here we have a home for people who appreciate history and heritage combined with unique spaces and styling.

The building has a Category 1 listing on the New Zealand Heritage List.

This has enabled the building's owners to obtain funding for heritage restoration and strengthening work. As a result, the building is scheduled to complete its strengthening program in 5 months time and will then have an NBS rating of 67%. The building is NOT earthquake-prone.

For those with an investment in mind, the apartment has recently rented for $950 per week, which represents a 6.6% gross return on the asking price. When outgoings are taken into account we show a net return of 4.9% pa. Combine that with future capital gain and you have an exceptional result for a Wellington residential property.

If you like the convenience and lively style of Newtown you'll love being one of the privileged owners of Ashleigh Court.