3/20 Simkin Avenue
St Johns, Auckland City
SOLD
1
1

Sold

This property is under contract.

Saving for your first home, in a tough property market?

This property is leasehold however, this is how it can work for you.

Deposit required on leasehold is 50% balance payable on the term left on the lease. Or bite the bullet and pay the full amount from the get go.

ONLY $4,059 per annum is the ground rent that's $78.57 per week
21 Year Perpetual Lease, so the good kind of Lease that doesn't go up every 7 years!

Currently rented for $440.00 per week that's $22,880 per annum

You could move in and keep saving like you normally would till the lease is up in 6 years, Sell it and you will have a bigger deposit for your next property. Renting is dead money, this is a great opportunity to set yourself up for your next purchase.

Or investment perhaps? This property has a history of being an excellent rental property, so kick back and collect.

The current Lease is due to expire in SEPT 2027, so 6 years are left on the clock!

This will sell quickly so enquire within

Open Homes

Property Features

Property ID: ORK21761
Bedrooms: 1
Bathrooms: 1
Listed By:Megan Jaffe Real Estate Ltd Licensed (REAA 2008)
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Features:

  • Built-In Wardrobes
  • Close To Schools
  • Close To Shops
  • Close To Transport

Chattels:

  • Blinds
  • Curtains
  • Floor Covers
  • Light Fittings
  • Stove
Darnell Adams, Licensee Salesperson at Ray White Remuera