It's rare to discover a truly desirable property that provides an outstanding apartment and passive income. Listing agent Andy Stewart is captivated by this unique building and suggests viewing it as a serious investment in a comfortable retirement for an owner operator. Zoned outer business, this iconic landmark came from very humble beginnings but thanks to a couple of true visionaries, its 202m2 section now offers a unique lifestyle for someone wanting a lock-it and leave inner city apartment with the scope to run your business downstairs or a rentable studio space.For many years, Manawatu, landscape artist Vonnie Sterritt conducted regular art classes in this wonderful studio. The light-filled 52m2 space has held keen students enjoying the accessibility of the location, the communal downstairs kitchen and modern bathroom. But time moves on. Easels and palettes could soon be replaced by desks or display units or work stations, a boutique showroom or attractive office for a discerning tenant. The kitchen serving the studio space opens to a semi-enclosed cafe seating area where fresh air and light create the perfect atmosphere for plants and people. Storage space in the adjacent garage area proves its suitability for a home industry. The luxurious upstairs apartment is accessed via secure parking, paved and gated for two cars off Kauri Street. A private staircase to an attractive landing enjoys the late afternoon sun. An elegant crafted front door opens to a plush, modern interior making the most of the light, height and amazing views to the Ruahines, Tararua windmills and a busy streetscape. The apartment is a comfortable 72m2 and has been very cleverly designed for maximum comfort. There are three double bedrooms, a compact living area and a well appointed ergo-dynamic kitchen. The option to tenant the apartment or the ground floor studio, or perhaps to rent out both will be very attractive to a discerning buyer. The unique style and potential of this property is literally as rare as hens' teeth.