Purchase Price: $155,000
Tastefully renovated and ready to launch, this roomy (internally facing) one bedroom apartment needs to be viewed if a cash generating, low capital investment is on the horizon.
It's high up on level 4 in Shed 23, so captures more light than lower apartments and means less noise.
The work has already been done in this one, new paint, carpet, new stove and recently installed heat pump / air con unit will have your guests completely satisfied with such a pleasant offering.
This apartment made $7,721.12 in gross income in February alone!
Semi furnished and available to take over asap, this is your chance to get on the band wagon and take advantage of the ever growing short term rental market.
OPEX: $6,659.79 plus GST
Ground rent: $13,638.98
97 year terminating lease (expiry 2095)
Important to note that unlike any other leasehold complexes in Auckland, the ground rent for Princes Wharf apartments is increased annually on a low fixed percentage rate, which removes all of the uncertainty associated with all other Auckland leasehold structures.
Princes Wharf extends out into the harbour from Aucklands Viaduct, and features some of the finest waterfront living Auckland has to offer. An array of bars and fine dining restaurants line the entrance to Princes Wharf and the central Britomart hub is five minutes walk.