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Listing Description
Listed: Tue, 28 Sep
High Yield! Great Return in the City Centre!
7B/11B City Road, City Centre, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property type | Apartment |
| Parking | 2 Car Garage |
| Agency reference | 813971 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149320044&sellerId=0 |
Description
You won't find another double storey penthouse LEASEHOLD apartment in the heart of Auckland with two carparks! Superb opportunity for anyone looking to invest in the city centre with a great return.
Comprising of 70m2 (approx.) floor area spread over two levels, this stylishly appointed city pad has a spacious living rolling out onto a balcony where you could enjoy views of the Sky Tower and our modern city. An open plan dining and modern kitchen on the first level; two decent-sized bedrooms with generous stud height and one sleek bathroom on the upper floor. To complete the package and to make your travel easier, it comes with TWO secure carpark spaces!
Absolute central location! Near AUT, Auckland University, ACG and ELA. Walking distance to Queen Street, Aotea Square, Event Cinema, library. Zoned for Auckland Grammar School and Ponsonby Intermediate.
Previous Rent Income: $600pw in total
- Apartment rent: $530pw
- Carpark rent: $70pw
Annual Outgoings:
- Ground rent: $10,838.00/p.a (Current ground rent was renewed in 2018, and is renewed every 5 years) The lease term expires on 30/12/2086
- Operating Expense: $5,065.76/p.a
- City Council Rates: $1,847.7/p.a
Opportunities like this are rarely on the market, high rental demands, high net return, perfectly balancing elevated living with affordability. Rent out or live in, you can't go wrong! Don't delay, call Selina for more information and book a private viewing now!
See property documents for this property on barfoot.co.nz. Click the "View their website" link at the bottom of this page.
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