11C/100 Anzac Avenue
Auckland Central, Auckland City
Auckland Central, Auckland City
SOLD
1
1
Alakazam - Magic Investment
Turn 38sqm into 51sqm ?!?
You don't need to be a magician but you will need to be a cash buyer. With remedial issues demanding a full makeover, this building is about to be transformed, as is the apartment itself with the 13sqm balcony being enclosed. Not only will you get the increased value of being in a building that's being given a new lease on life, the apartment will become a bankable size (instantly adding value). With new builds selling for well over $15k per square metre around the corner, what's the value going to be when this building is freshly remediated? Even at an average sale price in the city of approximately $10k a square metre you're sitting pretty. So put away the calculator, this is a no brainer.
But wait, there's more...
An option to turn it from a one bedroom to a two bedroom and maximise returns. Talk about pulling a rabbit out of a hat!!
- FREEHOLD
- 38sqm, 1 bedroom (floor area set to be increased to over 51sqm when works are completed)
- Stunning Harbour Views
Superbly located, with Britomart Transport Hub and the beautiful ferry building with access to all that Auckland's playground the Hauraki Gulf has to offer only minutes away. You're spoilt for choice when it comes to the Viaduct's bars and restaurants, a short stroll further you'll find Wynyard Quarter. Whilst the rent hasn't been affected, the prices have... massively, so jump aboard the gravy train and let the good times roll!
The owner requires a prompt sale and so is leaving room for profit after remedial costs.
Borrow the lot against existing security and soak up the exceptional returns. Better yet, pay cash.
With works all set to start early next year, the time to grab yourself an absolute bargain is nearly gone. Don't delay, call us now.
You don't need to be a magician but you will need to be a cash buyer. With remedial issues demanding a full makeover, this building is about to be transformed, as is the apartment itself with the 13sqm balcony being enclosed. Not only will you get the increased value of being in a building that's being given a new lease on life, the apartment will become a bankable size (instantly adding value). With new builds selling for well over $15k per square metre around the corner, what's the value going to be when this building is freshly remediated? Even at an average sale price in the city of approximately $10k a square metre you're sitting pretty. So put away the calculator, this is a no brainer.
But wait, there's more...
An option to turn it from a one bedroom to a two bedroom and maximise returns. Talk about pulling a rabbit out of a hat!!
- FREEHOLD
- 38sqm, 1 bedroom (floor area set to be increased to over 51sqm when works are completed)
- Stunning Harbour Views
Superbly located, with Britomart Transport Hub and the beautiful ferry building with access to all that Auckland's playground the Hauraki Gulf has to offer only minutes away. You're spoilt for choice when it comes to the Viaduct's bars and restaurants, a short stroll further you'll find Wynyard Quarter. Whilst the rent hasn't been affected, the prices have... massively, so jump aboard the gravy train and let the good times roll!
The owner requires a prompt sale and so is leaving room for profit after remedial costs.
Borrow the lot against existing security and soak up the exceptional returns. Better yet, pay cash.
With works all set to start early next year, the time to grab yourself an absolute bargain is nearly gone. Don't delay, call us now.
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