Auction This Thursday! - Rescue me!

Owners are liquidating their assets for their next chapter after owning from day 1 of this building for 19 years perfectly positioned between Queen Street and Albert Street.

Just metres from Auckland's golden mile and a short walk to the Viaduct, Commercial Bay, Auckland Universities and Britomart.

* Current tenant is paying $330 per week and willing to stay on.
* Body Corp Levy $2,168.65 (with 10% prompt payment discount)
* Rates $972.81

After a settlement with Auckland Council a large portion of the remedial cost has already been raised with the work expected to start in 2021 and take approximately two years. Building consent has already been issued and the body corporate is currently in the process of Tendering the project.

Please note: This unit is part of the litigation for weathertightness leaky apartment claim, so $71,563 plus GST has been applied towards remedial works and is sitting in the body corporate trust account

You can take advantage of this situation by purchasing now at a price considerably below market value and reap significant rewards once the work is complete and CCC is issued. You will need either cash or equity as the main banks don't like this fella.

Someone needs to take over this opportunity.

Get in touch today for a full property information pack.

#ThSamurai #WeLiveHere #rwedenterrace.co.nz