206/26 Te Taou Crescent
Auckland Central, Auckland City
SOLD
3
1

QUICK STUDY...$1 DOLLAR RESERVE

Our seller is seriously motivated, we tried to stop them but they insisted on advertising their property with a $1 Declared Reserve.

You could buy this on your credit card and you don't even need to see inside, there's no room anyway. Three bedrooms, three students and lots of belongings, lots of rental income too.

Leasehold? You bet. A little tired? Obviously.
What's the catch? The bank won't lend on it, you'll need cash and time to do a lot of reading.
Upside? In time the rent will increase but you'll have to give it some TLC.

Grand Central Apartments located next to the Vector Arena in downtown Auckland is tailor made for affordable student accommodation, it's purpose built and designed to inspire, or rather propel the kids to graduate.
Mum and Dad? It's cheaper than paying someone else's mortgage and you'll always know where they are.

Currently rented to three very motivated foreign students collectively paying our vendor $480 per week, but our vendors got other plans so out it goes.

Southern sellers' no longer interested in their big city investment, they've long since graduated and with a growing family it's time to cash up...over and out.

Potential purchasers are strongly advised to seek their own legal advice before committing to purchase.
Copy and paste "please provide all disclosures including pre contract disclosure statement and viewing time"

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Property Features

Property ID: CTA42440
Bedrooms: 3
Bathrooms: 1
Building: 43m2
Listed By:City Realty Limited Licensed (REAA 2008)
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Dominic Worthington, Licensee Salesperson at Ray White Auckland Central