Property listing ID: 921975
OPEN HOME INSTRUCTIONS: This is a secure building and therefore the agent will meet all attendees at the street entrance at 12.00 to let everyone in at the same time. Call the agent on 021 0270 0870 if you are going to be late. First time on the market in 20+ years this top floor, West facing apartment has city and open spaces views, together with long afternoon sun to maximise warmth. All in a secure access apartment block giving you a sense of contentment within the core of Auckland city. Located in the Meyers Park historic area, 2 doors from the Mercure Hotel and next to a terrace of historic retail shops. You are surrounded by restaurants of every flavour, local supermarkets, bus routes and it is a 10 minute walk to the new Karangahape Train Station (under construction) that is about to swiftly link you to Mt Eden, Newmarket and other parts of the Central City. A short walk to University of Auckland, AUT and many other tertiary institutions, you are also in zone for Auckland Grammar and Auckland Girls Grammar. The apartment is a 1 bedroom, 40m2 floor plan with your own balcony. Currently rented for $400 per week and built on Leasehold Land, your current expenses are Ground Lease $8,416.48 pa, Operating Expenses $5,708.28 (1 April 2026 to 31 March 2027) and Auckland Council Rates of $1,404.75. At the current rent your return on investment at the asking price is 7.6% First Home Buyers - Your Kiwi Saver might cover the entire purchase price (less deposit)
Listed by Barfoot & Thompson , Jolyon Russell (Coatesville)