Having just been renovated to a very high standard (with a brand new kitchen & bathroom), a balcony that runs the width of the apartment, and those north-facing views; this apartment must be seen to truly appreciate.
The building is packed with facilities; a tennis court, a swimming pool, and exclusive access to the fully equipped gym and spa - you won't need/want to go anywhere.
Located in Britomart, the city and all it has to offer is on your doorstep as is the Ferry Building and Britomart Transport Hub - you won't need a car but just in case, there's a covered secure car park.
- 70sqm + 20sqm Balcony (approx.)
- One Bedroom
- One Bathroom
Let's cut through the muck, it's leasehold and this is definitely a good thing - own it for less than the deposit, with a ground rent (which is tax deductible if eligible) that is less than half of the annual interest payments (NOT tax deductible) that you would pay if this was freehold - this is why you buy leasehold.
Here is the math:
If it was Freehold
- Buy price: circa $1,000,000
- Deposit at 20% = $200,000.
- Interest-only payments at 6% = $48,000 per annum (NOT tax-deductible if eligible)
- Operational Levy (Opex): $4,417 (Tax-deductible if eligible)
- Council Rates: $1,399 (Tax-deductible if eligible)
Leasehold...no banks, no muck
- Buy price circa $150,000
- Ground Rent $15,681 (Tax-deductible if eligible)
- Operational Levy (Opex): $4,417 (Tax-deductible if eligible)
- Council Rates: $1,399 (Tax-deductible if eligible)
About the building - After a little hiatus and a doctor's visit, the Scene One complex is once again the place to be - currently undergoing a little TLC and soon to receive a brand-new paint job, it's never been such an attractive proposition and it's only getting better
Call us now!