If you are an astute investor, wants to secure a property with GREAT CASH FLOW and BIG POTENTIAL ON FUTURE CAPITAL GAIN, please focus your eyes on this one:
• Freehold one bedroom apartment with the internal floor size of 34sqm plus a spacious balcony • Beautiful sea and city views • High rental demand with current rent at $400/pw • Golden location, AUT and Auckland Uni are just at your doorstep • Priced to sell lower than the normal market price if this building without leaky issue.
Yes, it is however not without its Challenges! The building will need to undergo Remedial Repairs due to weather tightness issues! HOWEVER, the good news is this owner has already paid a big amount of remedial levies and $62,674.44 is sitting in 9C's account for doing future remedial works. That means you own this apartment with a super cheap price but take the risk of paying unforeseen special levies.
What you need to take advantage of this bargain opportunity is: CASH Bank Equity Overdraft Facility Situated in a truly excellent location! which is also in Auckland Grammar School zone.
Vendor needs to cash out! Call Selina for making viewings.