4D/508 Queen Street
Auckland Central, Auckland City
Auckland Central, Auckland City
SOLD
1
1
Diamond in the Rough
Get your money/equity working - savvy investors wanted!
You'll need to be a cash buyer for this, as there are remedial issues. With the works poised to start, and a bundle of cash sitting in the coffers, the expected cost to the new owners will be minimal; the complete opposite of the upside once the works are complete - there is a lot of meat for the new owner to sink their teeth into.
There'll be no pain whilst you wait with a standing tenant showing an excellent return, so sit back and let the good times roll.
Located on Auckland's golden mile Queen Street, future values are sure to go through the roof. Added to that you have very low body corporate fees and rates with a Freehold title. This little stunner is a true city living in the heart of transport, Universities, amenities of the CBD. The current tenants love the apartment, look after it and its contents like their own.
- 34sqm (approx.)
- One Bedroom, One Bathroom
- Freehold
- CV: $185,000 (2021 rates)
- Rental Appraisal: $370.00 - $400.00 per week (furnished)
Outgoings:
Body Corporate Fee: $3,059.18 per annum
Rates: $904.07 per annum
With the current average sale price in the city of over $10,000 per sqm and new developments heading toward and past $15,000 per sqm, try this at under $4,000 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 for a full information pack.
You'll need to be a cash buyer for this, as there are remedial issues. With the works poised to start, and a bundle of cash sitting in the coffers, the expected cost to the new owners will be minimal; the complete opposite of the upside once the works are complete - there is a lot of meat for the new owner to sink their teeth into.
There'll be no pain whilst you wait with a standing tenant showing an excellent return, so sit back and let the good times roll.
Located on Auckland's golden mile Queen Street, future values are sure to go through the roof. Added to that you have very low body corporate fees and rates with a Freehold title. This little stunner is a true city living in the heart of transport, Universities, amenities of the CBD. The current tenants love the apartment, look after it and its contents like their own.
- 34sqm (approx.)
- One Bedroom, One Bathroom
- Freehold
- CV: $185,000 (2021 rates)
- Rental Appraisal: $370.00 - $400.00 per week (furnished)
Outgoings:
Body Corporate Fee: $3,059.18 per annum
Rates: $904.07 per annum
With the current average sale price in the city of over $10,000 per sqm and new developments heading toward and past $15,000 per sqm, try this at under $4,000 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 for a full information pack.
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