615/85 Wakefield Street, City Centre


1 Bed
2 Bath

Cash Cow in University Precinct

Located in a high rental demand area, this Freehold one bedroom at Waldorf Tetra House is well maintained with a short stroll to Queen Street, AUT and University of Auckland almost across the road, also in Auckland Grammar Zone. Great opportunity to grab a bargain!

This lovely city complex offers:
• Stratum in Freehold title
• Floor area of 39sqm with a well-size formal lounge
• One spacious bedroom and Two Bathrooms (including an ensuite), which is rarity amongst city apartments
• Both the lounge and bedrooms have floor-to-ceiling windows, offering plenty of natural lights
• Current weekly rent income: $350/pw with a periodic term. Rental appraisal at $380-$420/pw under the current Covid period, and can be $480-$500/pw after Covid.

Reasonable annual outgoings:
• City Council Rates: $1,153.25 /p.a
• Body Corp Levy: $4,428.64/p.a (including 500G WIFI, cold & hot water)

The location of the building is unbeatable! Perfect for working professionals or mature students as it is only minutes' walk away to Queen Street boutique shops, eateries, banks, public library, and all other amenities. Easy access to bus routes and motorways for your added convenience.

Discerning investors would know that the rental income can be expected to raise considerably once international tourists and overseas students can come back to New Zealand en-masse. Don't hesitate to call our agents for a viewing today, this one won't last long!

Property details

615/85 Wakefield Street, City Centre
Property type:
Property ID:
Title(s), Rental Appraisal

Distance to schools is as the crow flies and is provided as an estimate only. Source: Ministry of Education

In zone schools

Nearby schools

  • UP International College New Zealand0.3 km
  • MindAlive0.3 km
  • Northern Health School0.3 km
  • Mt Hobson Academy0.5 km
  • Kadimah School0.5 km
  • Auckland Senior College0.7 km
  • St Peter's College (Epsom)1.4 km
  • ACG Parnell College1.4 km
  • Newton Central School1.5 km
  • Crimson Global Academy1.6 km
{{noZoneExtraVisible ? "Hide" : ""}} 5 more schools

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