Why pay rent - motivated vendors say this property will be sold. Here's your chance to grab a large inner city apartment selling well below replacement value.
Prime Waterfront location in the heart of the city - 15th Floor, large split level, 3 bedroom, 2 bathroom, generous sized balcony, amazing harbour views, 2 carparks.
Currently rented $900pw. Very good tenant. Interior is in very good condition.
The title is LEASEHOLD tenure to 2146 with 7 yearly ground rent reviews, next review August 2025. There are some building defects - a substantial cash settlement payment for repair work has been received, being held on behalf of the owners in Trust Account. These funds are expected to cover the costs of the repair work. The building is completely habitable, fully insured, has a current building warrant of fitness and on-site building manager.
Ground Rent $30,154pa (Fixed at this rate until August 2025)
Opex average last 12 months based on building expenses $13,213pa (These are expected to decrease now that the remedial settlement has been finalised)
Council Rates $2,883pa Total Expenses $46,250pa Vendor confirms all property expenses and ground rent will be fully paid up to date at settlement.
A great location - easy walk to Auckland's Universities, CBD, Countdown, Britomart Station, vibrant harbour-front cafes & bars.
Excellent recreational facilities with tennis court and swimming pool.
Cash buyers only!
Contact me to receive the property information pack. Viewing options strictly by appointment. Sally Giles: 021 764 356