This Grammar-zoned spacious leasehold two-bedroom penthouse spans the upper two levels, offering large windows for plenty of natural light, a cozy living area with a balcony, and views of the Sky Tower.
The property has been vacated and renovated, ready to move in, good for owner occupancy or investment.
Two separate secured carparks (one with its own locked door) are a significant bonus!
High-Quality Educational Resources:
- Zoned for Auckland Grammar Schools and Ponsonby Intermediate.
- A short walking distance to AUT and Auckland University.
Superb Top-Town Location:
- Located minutes away from the CBD, Queen Street, the library, art gallery, theatre, transport, and entertainment.
Stable Lease & Low Expenses:
- Council Rates: $2,378.52/year (2023/2024)
- Ground Lease: $14,271.88 p.a., recently renewed until 1st December 2028, with reviews every 5 years until 2086.
- Operating expenses: $6,227.64/year (for the year 1 April 2024 to 31 March 2025).
Financial Benefits:
CV $880,000. The asking price is only $135,000. Calculate the savings on mortgage interest with this purchase, and avoid the risk of a large loss of principal in a declining market.
This property offers an affordable lock-up-and-leave lifestyle or investment opportunity. Act quickly to register your interest.
