Auction Brought Forward

Pre auction offer accepted - Auction brought forward to Tuesday 12:30 PM at Level 3, 246 Queen Street, Auckland Central.

With a declared reserve of just $25,000, this is an opportunity you can't afford to miss. Set in the heart of the Viaduct, this fully renovated and fully furnished 1-bedroom apartment on Princes Wharf is an ideal addition to your portfolio.

Thoughtfully upgraded with new carpeting and sleek kitchen cabinetry, the apartment is ready to deliver rental income from day one. The east-facing orientation ensures plenty of morning light, creating a bright, appealing space for tenants.

The leasehold tenure includes a capped ground rent increase of up to 3% annually (or CPI), providing predictable outgoings:
• Ground rent: $18,093.72/year (effective 01.09.2024)
• Opex: $8,697.22/year incl. GST (01.04.2024-31.03.2025)
• Council rates: $4,198.36/year (commercial)
• Total outgoings: $30,989.30/year ($595.90/week)

The vendors have already moved on, and this property must sell.

Don't miss your chance-contact us to arrange a private viewing or attend the advertised open homes.

Conjunctional sales welcome from all agents.