Princes Wharf Apartment - top floor one bedroom

Purchase Price: $249,000

1

1

Beautiful by day, stunning by night with the lights of the city combined with the stars shining over the harbour, you will be the envy of your friends with this top level apartment perched on the Eastern side of Princes Wharf. 

Sweeping views across the gulf as far as Waiheke Island on a sunny day, across to Rangitoto, back to North Head and of course the famous ferry building is a buzz with boats coming and going, there's always something to look at. 

The apartments are generous in size, with 77sqm of area including the entertainers balcony, big enough to have dinner with friends. And of course the layout is open plan with breakfast bar and spacious lounge with wide opening doors to let in the ocean breeze. 

The apartment presents in original condition, so the price reflects the need for a freshen up, nothing a nice new paint and carpet along with a new furniture package won't fix. 

Popular with investors looking for a strong cash return, short term rental is permitted on Princes Wharf. 

This particular apartment is rented on a periodic tenancy, so act now and it could be yours for summer. 

Annual outgoings:

Ground rent: $20,808.69

OPEX: $7,121.74

Rates: $1,575.12

Important to note the ground rent for Princes Wharf is increased annually by 3% or the CPI (whichever is greater) and this is fixed until at least 2039. This is extremely positive as it removes all of the uncertainty with the previous five yearly ground rent reviews that were in place. 

Contact us for a private viewing, business hours preferred. 


Hamish Duke

OFFICE:

0800 388 888 / +64 (9) 930 8452

Viaduct_City_Apartments_For-Sale_Auckland_Hamish-Duke.jpg