Huge Potential with over 14% net return

Property listing ID: 847027

Bedrooms
1
Bathrooms
1
Price / method
Sold June 2023 for $118,000

What we are bringing to you is the chance to own a very centrally located, FREEHOLD one-bedroom apartment at 1/3 of its actual value as the building has weathertightness issues. Discerning investors would realize that once a freehold buildings defects are repaired, the buildings value will rise to what it's really worth. That's why this building has such huge potential! What this cozy city complex offers: • Stratum in Freehold title • Internal floor size of 42sqm PLUS a spacious balcony • Well laid out one bedroom apartment with one bathroom • High up on the 19th level with North facing • Recreational facilities are available for the building's residents including access to a GYM and large outdoor courtyard area In an unbeatable location close to all amenities, off Queen St, just a short stroll to Sky City and Universities. With the all-new Commercial Bay and Britomart precinct only minutes away, the best of the city's bars and restaurants surround you right in the heart of Auckland. If you are a cash buyer and want a big profit in the future after remedial works are done, then don't hesitate to secure this opportunity by giving Selina a ring today for more information and viewings! SMALL PRICE BUT BIG VALUE! DON'T MISS OUT!

Listed by Barfoot & Thompson , Selina Zheng (City)