There are various types of leasehold tenure in the Auckland CBD.
VCA is the expert on leasehold. We have access to leases and the resources to help you understand the terms of these leases. The different terms of a lease is either ‘in perpetuity’ (forever) or ‘terminating’ (currently 50 , 90 or 150 years depending on the address). leasehold buyers avoid paying for the land itself (opting to lease the land), most leasehold land is in Auckland’s premier waterfront locations. Your cost of living might be higher because of the Ground Rent. But the cost of these properties can be half or even less what you would pay if they were indeed freehold.
To find out more contact VCA.