Princes Wharf - Declared Reserve $105,000!

A beautifully presented open plan apartment that sits on the Eastern side of Princes Wharf overlooking the ferry building with sprawling views across the harbour to Waiheke Island, and everything in between.

There's 77 square metres of prime waterfront space (including the grand entertainers deck) featuring one sizeable bedroom with large wardrobe, L shaped kitchen with breakfast bar and one bathroom.

The owner has improved the interior to include all modern fixtures and fittings including full furniture package and heat pump.

A new opportunity awaits, could this be your opportunity to secure a piece of Aucklands waterfront at a fraction of the cost of the freehold equivalent?


Annual Expenses:

OPEX $11,237.39
Ground Rent: $26,793.25
Rates: $1,970.27

Total annual expenses: $40,000.91

The ground rent is capped at an annual increase of 3% or CPI, whichever is the greater and this is fixed until at least 2039.

The lease itself expires in 2095, so there's plenty of life left in this one.

Give me a call ASAP and we can chat about this opportunity and I can give more information.

Viewings by appointment only.