Listed: Tue, 13 Dec

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

5F/8 Bankside Street, City Centre, Auckland City, Auckland

Asking price $265,000

1 Bed
1 Bath

Attribute	Value
Property type	Apartment
Agency reference	833620
Apply Online	http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149481168&sellerId=0

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.

Open home times

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Property Files

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Local Schools

IN ZONE freemans bay school
Wellington Street
1.6 km
Contributing (Primary), State, 586 enrolled
IN ZONE auckland girls' grammar school
Howe Street
1.8 km
Secondary (Year 9-13) (Secondary), State, 1167 enrolled
IN ZONE ponsonby intermediate
50 Clarence Street
2.7 km
Intermediate (Intermediate), State, 541 enrolled

IN ZONE western springs college-ngā puna o waiōrea
Motions Road
4.9 km
Secondary (Year 9-13) (Secondary), State, 1827 enrolled
UNZONED galaxy international college (proposed opening date: 2026-07-01)
Level 3 48 Courthouse Lane
213 m
Secondary (Year 9-13) (Secondary), Private : Provisionally Registered
UNZONED crimson global academy
Level 3 18 Stanley Street
661 m
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 72 enrolled
UNZONED auckland senior college
150 and 161 Hobson Street
987 m
Secondary (Year 9-13) (Secondary), Private : Provisionally Registered
UNZONED up international college new zealand
345 Queen Street
1 km
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 318 enrolled
UNZONED the busy school nz
75 Karangahape Road
1.3 km
Secondary (Year 9-13) (Secondary), Charter School
OUT OF ZONE parnell school
48 St Stephens Avenue
1.9 km
Full Primary (Primary & Intermediate), State, 491 enrolled
UNZONED st mary's college (ponsonby)
11 New Street
1.9 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1001 enrolled
UNZONED acg parnell college
39 George Street
2 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 1910 enrolled
UNZONED st peter's college (epsom)
Mountain Road
2.3 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1314 enrolled
OUT OF ZONE newton central school
Monmouth Street
2.3 km
Contributing (Primary), State, 325 enrolled
OUT OF ZONE newmarket school
7 Gillies Avenue
2.6 km
Contributing (Primary), State, 255 enrolled
OUT OF ZONE stanley bay school
15 Russell Street
2.8 km
Contributing (Primary), State, 189 enrolled
UNZONED st paul's college (ponsonby)
183 Richmond Road
3 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 403 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.