9F/8 Scotia Place
Auckland Central, Auckland City
Auckland Central, Auckland City
SOLD
1
1
Diamond in the Rough
Freehold apartment for under $140k?!?
Supersized investment with a 10%+ net return - just try and beat that! You'll need to be a cash buyer for this as the remedials are currently being fixed - these repairs have no impact on occupancy so jump on board and ride the gravy train!
At 8 Scotia Place issues have been found with the cladding that need to be fixed - this is being completed through repairs and maintenance and in the meantime with rents not being effected the buy price certainly is.. massively!
What does this mean for you? A whopping 10%+ net return off a measly $139K and potential capital gains once all is complete should be massive.
The owner requires a prompt sale and has priced accordingly.
Located down a private street overlooking green and leafy Myers Park, with a park view and a development on each side of the road, future values are going to go through the roof. Added to that you have very low body corporate fees and rates and a Freehold title. This little stunner is peaceful and private but minutes to transport, Universities, amenities and the CBD. The current tenants love the apartment, look after it and its contents like their own.
- 30sqm 1 bedroom
- Body Corp: $3,979.40 per annum (inc GST)
- Rates: $808.13 per annum (inc GST)
With the current average sale price in the city of over $10,000 per sqm and new developments heading towards and past $15,000 per sqm, try this at roughly $4,600 per sqm.
Borrow the lot against existing security and soak up the exceptional returns. Better yet pay cash.
One of the best opportunities on the market.
Don't delay, call us now!
Supersized investment with a 10%+ net return - just try and beat that! You'll need to be a cash buyer for this as the remedials are currently being fixed - these repairs have no impact on occupancy so jump on board and ride the gravy train!
At 8 Scotia Place issues have been found with the cladding that need to be fixed - this is being completed through repairs and maintenance and in the meantime with rents not being effected the buy price certainly is.. massively!
What does this mean for you? A whopping 10%+ net return off a measly $139K and potential capital gains once all is complete should be massive.
The owner requires a prompt sale and has priced accordingly.
Located down a private street overlooking green and leafy Myers Park, with a park view and a development on each side of the road, future values are going to go through the roof. Added to that you have very low body corporate fees and rates and a Freehold title. This little stunner is peaceful and private but minutes to transport, Universities, amenities and the CBD. The current tenants love the apartment, look after it and its contents like their own.
- 30sqm 1 bedroom
- Body Corp: $3,979.40 per annum (inc GST)
- Rates: $808.13 per annum (inc GST)
With the current average sale price in the city of over $10,000 per sqm and new developments heading towards and past $15,000 per sqm, try this at roughly $4,600 per sqm.
Borrow the lot against existing security and soak up the exceptional returns. Better yet pay cash.
One of the best opportunities on the market.
Don't delay, call us now!
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