'Ranui' Art Deco Apartments
'Ranui' Art Deco Apartments
Outstanding Investment.
Marine Parade location with uninterrupted ocean views.
Unique Art Deco building, listed internationally for its architecture.
Ranui is a unique investment/opportunity to own this architecturally designed building, listed on the worldwide 'Archinform' website.
This 1938 Art Deco building is the only Miami Streamline Modern Style apartment building in New Zealand.
A landmark at the southern entrance to Napier.
It has uninterrupted views of the ocean and Marine Parade.
Ranui cannot be built out.
There are five apartments comprising four x two bedroom apartments, which have been recently refurbished and one studio apartment. Large rear courtyard with garaging and storage.
All improvements have been done with the help and advice of Napier's Art Deco Trust. Improvements include new zincalume roof, repaved yard, replumbed, rewired and repainted.
Each apartment is on its own title.
Ownership options:
1. Rent all five units, rental valuation $80,000 plus
2. Live in one, rent others
3. Live upstairs, rent downstairs
4. Sell the five individual titles
This Art Deco building is to be sold as one.