Listed: Tue, 28 Sep

High Yield! Great Return in the City Centre!

7B/11B City Road, City Centre, Auckland City, Auckland

Asking price $189,000

2 Beds
1 Bath

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

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.

Open home times

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Property Files

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Local Schools

IN ZONE auckland girls' grammar school
Howe Street
830 m
Secondary (Year 9-13) (Secondary), State, 1167 enrolled
IN ZONE freemans bay school
Wellington Street
1 km
Contributing (Primary), State, 586 enrolled
IN ZONE auckland grammar school
Mountain Road
1.5 km
Secondary (Year 9-13) (Secondary), State, 2758 enrolled

IN ZONE ponsonby intermediate
50 Clarence Street
2.3 km
Intermediate (Intermediate), State, 541 enrolled
UNZONED the busy school nz
75 Karangahape Road
95 m
Secondary (Year 9-13) (Secondary), Charter School
UNZONED up international college new zealand
345 Queen Street
253 m
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 318 enrolled
UNZONED auckland senior college
150 and 161 Hobson Street
672 m
Secondary (Year 9-13) (Secondary), Private : Provisionally Registered
UNZONED galaxy international college (proposed opening date: 2026-07-01)
Level 3 48 Courthouse Lane
1.1 km
Secondary (Year 9-13) (Secondary), Private : Provisionally Registered
UNZONED crimson global academy
Level 3 18 Stanley Street
1.2 km
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 72 enrolled
OUT OF ZONE newton central school
Monmouth Street
1.2 km
Contributing (Primary), State, 325 enrolled
UNZONED st peter's college (epsom)
Mountain Road
1.4 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1314 enrolled
UNZONED acg parnell college
39 George Street
1.6 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 1910 enrolled
UNZONED st mary's college (ponsonby)
11 New Street
1.8 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1001 enrolled
OUT OF ZONE newmarket school
7 Gillies Avenue
1.8 km
Contributing (Primary), State, 255 enrolled
UNZONED ficino school
27 Esplanade Road
1.9 km
Full Primary (Primary & Intermediate), Private : Fully Registered, 143 enrolled
OUT OF ZONE richmond road school
113 Richmond Road
2.1 km
Contributing (Primary), State, 284 enrolled
OUT OF ZONE kowhai intermediate
26 Onslow Road
2.1 km
Intermediate (Intermediate), State, 587 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.