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Listed about 5 years ago

ID#448012

Central City

Auckland City
Auction
2
1
2
80
(861.11 sq.ft.)
proudly marketed by
Dominic Worthington
City Realty Limited Licensed Agent (REAA2008)
021 735 278 (021 SEL APT)
Message Me

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

Location

  • Inner City
  • Sea views

Property Type

  • Investment

Features

  • Double Garage
  • Office / Study

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Agent

Dominic Worthington

City Realty Limited Licensed Agent (REAA2008)

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

With fifteen years experience in the Auckland apartment market you will find in me a professional representative to help you exit or enter this specialist market. Please email me to peruse references from satisfied clients. Kind regards Dominic Worthington.

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This property was photographed by

Grant Drummond

Auckland Central

ID#448012

Central City

Auckland City
Auction
proudly marketed by
Dominic Worthington
City Realty Limited Licensed Agent (REAA2008)
021 735 278 (021 SEL APT)
Message Me

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