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46/147 Quay Street, Auckland Central

How does a 14% return sound?

Apartment

Floor 39 m2

Here's your chance to secure a piece of Auckland's vibrant Viaduct, with minimal capital outlay, but maximum possible benefits!

These studio apartments have so many uses, maybe a place for your children to stay safely while they are studying in Auckland. A city crash pad for those who live out of Auckland, you could AirBnB it while you are not using it and make some money? Some may wish to have a permanent tenant onsite and look at this opportunity as a means to generate a steady income stream.

Annual outgoings:

• Ground rent: $5,809.36

• OPEX: $5,333.98 (includes) GST

• Rates: $2,966.07

• Rental appraisal $500 - $550 per week (depends on presentation and furnishings).

*Note the rates are commercial (Airbnb rates) however the owner is on the process of changing the rating back to residential rates (approx $1400 per year).


A short stroll to some of the finest dining and entertainment options Auckland has to offer nestled amongst sailboats and a fabulous atmosphere, across from the Viaduct.

The ground rent is capped at an annual increase of 3% (or CPI) - whichever is the greater, so you have some certainty on your numbers here.

Fully furnished as per the photos with kitchen and full bathroom, the unit is currently vacant so you could make this your very own for summer.

The options are endless, make an offer before someone else does.

What this home offers

39 m2 Floor

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LIST PRICE

Asking price $89,000

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Carl Russell

Sales Specialist

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