Generous 1 bedroom, 1 bathroom apartment on the Eastern side of Princes Wharf, overlooking Auckland Waterfront, offers you the unrivalled lifestyle and a box seat for the forthcoming Americas Cup campaign. Yes, it is leasehold, and the ground rent for Princes Wharf is increased annually by 3% or the CPI (whichever is greater) fixed until at least 2039. This is extremely positive as it removes all of the uncertainty with the previous five yearly ground rent reviews that were in place.
New paint, new carpet and fully furnished. The generous layout allows for a flowing open plan living area, extending out to a big sheltered balcony, which is ideally setup for year-round entertaining. Annual Outgoings: Opex = $9,053.46 plus GST per annum for the year ending 31/03/20.
Ground Rent = $20,313.31 per annum effective 01/09/2019.