Freehold city pad or up to $33,631pa income

Tucked away from any main roads, there's a wonderful opportunity to own this spacious 30m2 studio apartment. Comes fully furnished making it easy for you to move straight in, or take it over and have an income stream right from the get-go with the existing tenancy in place generating a humble income of $295 pw. Latest rental appraisal at $370-- $420 pw. However to really maximize your returns we understand the demand right now is already very strong for short stay accommodation & we have just obtained a short stay rental appraisal if tastefully fully furnished at $647 pw or $33,631 pa income after property management fees. This would provide a return of over 11.8% gross on the asking price. Get in quick for this opportunity.

Bankside Waldorf Apartments at 8 Bankside Street is a solid concrete Freehold building located just off Shortland Street. The location couldn't be better! In a gentrified part of town, located beside 'The International' which is one of the most premium apartment buildings in Auckland city with the highly acclaimed Onslow restaurant just off the lobby. Super handy to the universities, Albert Park & Britomart transport hub.

Opportunity to add value/renovate to really make it shine. Asking price demands immediate inspection!

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.