Savvy Investors Attention! Huge Potential Is Here!

What we are bringing to you today is the chance to own a freehold two-bedroom apartment in Auckland CBD at the 1/2 of its actual value, as the building has weathertightness issues. Discerning investors would realize that once a freehold building's defects get repaired, the building's value will raise to what it really worth. That's why this building has such a huge potential! This apartment WAS THE PART OF LITIGATION, which means a large amount of the remedial bill has already been taken care for the owner!

What this apartment offers:

• Stratum in Freehold title
• Well laid out two bedrooms apartment with one bathroom
• Internal floor size of 54sqm PLUS a super large balcony
• South-west facing with Sky tower views
• Recreational facilities are available for the building's residents including access to a gym and large outdoor courtyard area
• Currently rented at $460/pw with a periodic term

Low annual outgoings compared to many in the city:

• BC Levy: $3643.11/p.a (after 10% discount if paid by due date)
• Auckland Council Rates: $1,404.31/p.a

City Garden is located in the best central location in Auckland CBD. The Sky Tower, Countdown, Farmers, banks, and restaurants are all at your doorstep! It only takes a very short stroll to reach various universities, Albert Park, Britomart, libraries, and all other amenities. Massive time spent on the road to school, or the office will be saved. The location is second to none!

If you are a cash buyer, you can take advantage of this situation by purchasing now at a price considerably below market value and reap the rewards once the work is complete. Motivated vendor instructs to sell! Call our agents to organize a private viewing today!

See interactive features and property documents for this property on barfoot.co.nz. Click the "View their website" link at the bottom of this page.