It may not win any beauty prizes as is, but look what it could be. It's also low maintenance, has a high earthquake rating and licensed to make money.

The two existing leases, both of which have inbuilt annual rental growth, provide a healthy dividend while you progress your plans to unlock the value created by two resource consents. One is to add six levels of apartments to the existing structure and the other is to unit title the carparks.

To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/31to35boulcottstreet

• Built to last

• Resource consents in place to unit title and add on

• Two well established tenants

• Direct access to and from the motorway