Central City
Auckland City

ID#448012
Listed 4 months ago

Auction
SOLD
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Property Details

Location:
Bedrooms
Bathrooms
Garages
Auckland City
Auckland
212

Building
Land
Built In
80 m²
(861 sq.ft.)
N/A 2004

DECLARED $99,000 RESERVE

BOOT THE KIDS OUT...DECLARED $99,000 RESERVE

This is not a drill, come one come all. Seller's unambiguous decision to sell is no joke. BIG 80sqm two bedroom cash cow with double balconies and DOUBLE CARPARKING complete with one bathroom and STUDY.

Did we mention sea views, unbeatable downtown location next to supermarkets, restaurants, cafes Britomart etc etc etc?

Beleaguered parents wanting to get rid of entitled kids must inspect. Calling deliciously greedy investors wanting cash cash and more cash, get woke, greed is good.

This apartment is seriously under-rented with existing tenant paying only $625 dollars per week for the last five years, they're happy to stay on but then its no great loss if they don't.

Current ground rent and OPEX costs of approximately $20k per year means this purchase is still cheaper than paying rent. You could rent out one of the rooms and carparks together for $400 per week and your outgoings are covered. Ask Mum and Dad to put it on the credit card, you won't need to ask them twice.

Too good to be true? If you think so then take a pass and let someone else grab this absolute bargain.
See you at the open home.

Keywords


Inner City
Investment
Double Garage
Sea views
Office / Study

Auction Details

Location: 2 LORNE STREET, AUCKLAND CENTRAL
Time: Thursday 28th March - 12:30PM

Sales Consultants

Dominic Worthington


Ray White City Apartments MREINZ
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: DDI 09 308 5534
Mobile: 021 735 278 (021 SEL APT)
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http://www.raywhite.com

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Grant Drummond
grant.drummond@open2view.com
021.151.3599
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