Property listing ID: 839161
What we are bringing to you is the chance to own a very centrally located, FREEHOLD one-bedroom apartment at 1/3 of its actual value as the building has weathertightness issues. Discerning investors would realize that once a freehold buildings defects are repaired, the buildings value will rise to what it's really worth. That's why this building has such huge potential! This apartment WAS THE PART OF LITIGATION, which means a large amount of the remedial bill has already been taken care for the owner! What this city complex offers: • Stratum in Freehold title • Internal floor size of 42sqm PLUS a spacious balcony • Well laid out one bedroom apartment with one bathroom • High up on the 12th level and North facing • Currently tenanted at $400/pw on a periodic term • Recreational facilities are available for the building's residents including access to a GYM and large outdoor courtyard area • Full furniture package is included Low annual outgoings compared to many in the city: • City council rates: $986.76 /p.a • BC Levy: $1,781.91/p.a (after 10% discount if paid by due date) • Net return over 12% In an unbeatable location close to all amenities, off Queen St, just a short stroll to Sky City and Universities. With the all-new Commercial Bay and Britomart precinct only minutes away, the best of the city's bars and restaurants surround you right in the heart of Auckland. If you are a cash buyer and want a big profit in the future after remedial works are done, then don't hesitate to secure this opportunity by giving Selina a ring today for more information and viewings! SMALL PRICE BUT BIG VALUE! DON'T MISS OUT!
Listed by Barfoot & Thompson , Selina Zheng (City)