Listed: Sat, 7 Oct

Huge Potential! Vendor MUST SELL!

3H/14 Waterloo Quadrant, City Centre, Auckland City, Auckland

To be sold by auction on 6 Nov, 5:11 am

1 Bed
1 Bath
32m² Floor

Attribute	Value
Property type	Apartment
Agency reference	854231
Apply Online	http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149569616&sellerId=0

Auction: FHL72J2L1FP2OVHTS0KI on Monday 6 November 2023 at 5:11AM (unless sold prior)

The Connaught has always been considered one of Auckland's most luxurious and beautiful freehold apartment buildings with its unique European historical design, beautiful Edwardian facade, and impressive wood-panelled lobby. But after witnessing the change and development of Auckland CBD for over 20 years, large-scale maintenance work is currently necessary to preserve the building and refreshen it.

Astute buyers can easily do the calculation here! With the hugely discounted purchase price plus potential costs for the remediations, big margin can be easily seen!

This lovely city pad features:

Stratum in Freehold title
32sqm internal floor size plus a spacious balcony
One good-sized bedroom with one bathroom
One basement storage locker completes the package
Open plan living that has slider access to the generous balcony with fantastic urban views
There is an onsite swimming pool and gym, as well as a live-in building manager
Current weekly rental income: 350/pw, with a periodic term

Affordable annual outgoings:

City council rates: $966.69/p.a
BC Levy: $4,019.30/p.a

The location is unbeatable being opposite the Old Government House and adjacent to the High Court. You will be within easy walking distance to the city, Albert Park, and universities. You will also be only a stone's throw away from Britomart transport hub with all its upmarket restaurants and bars.

The Connaught has upcoming repair work, but this could be an opportunity for the savvy investor with an eye on the future. Get in quick, this is one for the future! The vendor is serious to sell! Call Selina for more information!

Open home times

No times scheduled

Property Files

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Local Schools

IN ZONE freemans bay school
Wellington Street
1.7 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
2.8 km
Intermediate (Intermediate), State, 541 enrolled

IN ZONE western springs college-ngā puna o waiōrea
Motions Road
5 km
Secondary (Year 9-13) (Secondary), State, 1827 enrolled
UNZONED galaxy international college (proposed opening date: 2026-07-01)
Level 3 48 Courthouse Lane
326 m
Secondary (Year 9-13) (Secondary), Private : Provisionally Registered
UNZONED crimson global academy
Level 3 18 Stanley Street
487 m
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 72 enrolled
UNZONED up international college new zealand
345 Queen Street
1 km
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 318 enrolled
UNZONED auckland senior college
150 and 161 Hobson Street
1 km
Secondary (Year 9-13) (Secondary), Private : Provisionally Registered
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
1.7 km
Full Primary (Primary & Intermediate), State, 491 enrolled
UNZONED acg parnell college
39 George Street
1.8 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 1910 enrolled
UNZONED st mary's college (ponsonby)
11 New Street
2.1 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1001 enrolled
UNZONED st peter's college (epsom)
Mountain Road
2.1 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
2.5 km
Contributing (Primary), State, 255 enrolled
OUT OF ZONE stanley bay school
15 Russell Street
2.8 km
Contributing (Primary), State, 189 enrolled
UNZONED ficino school
27 Esplanade Road
2.9 km
Full Primary (Primary & Intermediate), Private : Fully Registered, 143 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.