Purchase Price: $319,000
A beautifully presented open plan apartment that sits on the Eastern side of Princes Wharf overlooking the ferry building with sprawling views across the harbour to Waiheke Island, and everything in between.
There's 76 square metres of prime waterfront space (including the grand entertainers deck) featuring one sizeable bedroom with large wardrobe, L shaped kitchen with breakfast bar and one bathroom.
A new opportunity awaits, could this be your opportunity to secure a piece of Aucklands waterfront at a fraction of the cost of the freehold equivalent?
In fact there is no freehold equivalent as you simply can't buy anything freehold on the waterfront. So stop dithering and do the numbers.
The outgoings are under $20k per year (very reasonable for a waterfront unit!) and the current tenancy is periodic, so you could have this apartment with 42 days notice afer unconditional agreement.
And yes you are allowed to sublet these units as serviced apartments!