Net Yield Exceeds 8%! Money Making Machine!

CBD investor attention! If you are thinking of buying a rental property with a net yield of 8% (approx.) in the desirable Q-City building this affordable apartment is the best choice! Just a short stroll to Auckland University, AUT and all the best shops and restaurants the city has to offer.

This low maintenance city pad is sure to impress! High up on 7th floor, equipped with one generous-sized bedroom and a bathroom, the interior floor plan is approx. 40 sqm plus a north-east facing balcony with cityscape and Sky Tower views. Located just off Queen St, zoned for Auckland Grammar & Auckland Girl's Grammar.

PLEASE NOTE: THIS IS A LEASEHOLD APARTMENT

This fabulous leasehold apartment Features

• One bedroom with a great layout
• 40sqm(approx.) plus a big balcony
• Currently rented at $365 p/w - tenancy expires on 10/01/2022 (The current rent price has been negatively affected by Covid 19. Rental prices can be expected to raise once international travellers and students are able to return to New Zealand.)

Reasonable Annual Outgoings make this a great investment option:

• Ground Rent: $6,818.55/p.a
• Operating Levy: $4,410.89/p.a
• Auckland Council Rates: $$1,339.06/p.a
• Net Return between 7.20% and 8.09% (dependent on sale price)

Motivated vendor wants to get it sold! Call Selina for viewing today!

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