Listed: Sun, 5 Dec

Net Yield Exceeds 8%! Money Making Machine!

7H/15 City Road, City Centre, Auckland City, Auckland

Asking price $99,000

1 Bed
1 Bath

Attribute	Value
Property type	Apartment
Agency reference	819638
Apply Online	http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149352836&sellerId=0

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.

Open home times

No times scheduled

Property Files

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Request the files from Selina.

These property files are supplied by the agent and Trade Me Limited has no responsibility for the completeness or accuracy of the property files

Local Schools

IN ZONE auckland girls' grammar school
Howe Street
792 m
Secondary (Year 9-13) (Secondary), State, 1167 enrolled
IN ZONE freemans bay school
Wellington Street
995 m
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
2.2 km
Intermediate (Intermediate), State, 541 enrolled
UNZONED the busy school nz
75 Karangahape Road
125 m
Secondary (Year 9-13) (Secondary), Charter School
UNZONED up international college new zealand
345 Queen Street
212 m
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 318 enrolled
UNZONED auckland senior college
150 and 161 Hobson Street
623 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 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
1.7 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1001 enrolled
OUT OF ZONE newmarket school
7 Gillies Avenue
1.9 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 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.