MUST BE SOLD!!

Deadline Sale by 14th February 2025

Seize this incredible investment with an impressive rental appraisal of $1,300 per week! This spacious sub-penthouse apartment in Knightsbridge Apartments promises substantial double-digit returns. Even with identified issues, you can enjoy nearly $52,000 in net annual surplus until the remediation project begins.

Financial Highlights:
Annual Rental Appraisal: - $67,600

Outgoings:
Council Rates: - $3,603.27
Body Corporate Levies: - $12,030.20
Total Outgoings: - $15,633.47

Net Surplus: - Nearly $52,000 per year after expenses!

Tucked away, this boutique building of just 19 apartments, offers privacy with only one other apartment on the floor and one unit above.

Step inside this expansive three-bedroom apartment and be welcomed by a large open-plan living space that seamlessly integrates the kitchen, dining, and lounge areas. The kitchen is spacious and perfect for culinary enthusiasts. The living area flows effortlessly onto an expansive deck bathed in north-facing sun, ideal for entertaining.

The master bedroom features an ensuite and a walk-in wardrobe, providing a private retreat. Two additional well-sized bedrooms offer flexibility for family, guests, or a home office, complemented by a second bathroom and a secure carpark in the garage ensures safety and convenience for your vehicle.

Located in the vibrant Karangahape Road precinct, this cosmopolitan address is in the heart of Auckland's most livable urban area. The soon-to-be-completed City Rail Link will enhance connectivity, making travel a breeze. Enjoy stunning restaurants, cafes, bars, and a short walk to Ponsonby or Queen Street.

This property requires a cash buyer due to the remediation project. Don't miss this exceptional investment opportunity. Contact us today for a comprehensive information pack.