Property listing ID: 923006
Immediate Cash Flow – Professional Tenant in Place – Prime OKLA Complex Skip the marketing uncertainty and step straight into a high-performing asset. This designer apartment in the prestigious O.K.L.A. development is already tenanted at $610 per week, offering a solid 3.83% Net Yield or even higher (after management, rates, and body corp). With a vendor committed to selling, this is a "plug-and-play" addition to your portfolio in a location that guarantees near-zero vacancy. The Investment Fundamentals: - Proven Returns: Currently returning $31,720 gross per annum. - Net Yield: A transparent 3.83% net return (calculated at $600k asking price). - Low Maintenance: Modern construction by Haydn & Rollett means no looming renovation costs or healthy homes compliance worries. - High Occupancy Zone: Located within walking distance to Massey University, Albany Busway, and major retail hubs, ensuring a constant stream of high-quality professional and student tenants. The Property: Unit 312/3 Designed by Ignite Architects, this 59m² + 9m² balcony apartment is the gold standard for inner-city Albany living. - Flexible Layout: One spacious bedroom + a study large enough to function as a second bedroom, maximizing rental appeal. - Modern Specs: Double-height lobby, floor-to-ceiling windows for natural light, and high-end finishes throughout. - Parking Solutions: Convenient options available via on-site rental or the adjacent Wilson parking. Location: The Engine Room of the North Shore Investors know that location drives capital growth. This property sits in the heart of Albany’s retail and education hub: - Transport: 5-minute walk to the Albany Busway Station. - Education: Zoned for Pinehurst and Kristin; walking distance to Massey University. - Retail: Mere minutes from Westfield Albany, Asian supermarkets, and QBE Stadium. The vendor's instructions are clear: SELL. Secure a modern, high-yielding asset in Auckland’s most convenient growth hub today.
Listed by Barfoot & Thompson , Bob Cui (Browns Bay)