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Ones loss is another gain and in this case the potential gain is huge!
Harbour City Oaks is a 39 floor high-rise in the heart of Britomart that neighbours The Pacifica and Seascape, two of the city's most high-end developments.
Despite being issued a CCC from the Auckland Council in 2006, building defects were found shortly after resulting in a legal dispute against the council over the cost and liability.
This unit is part of the litigation against and the rights will be assigned to the new owner.
You don't have to be a savvy investor, you just need cash or equity and an open mind. NOW is the best time to buy in the complex I just bought one myself.
Currently achieving over a 11% net return off the asking price so we don't expect this to be around for long.
Note: Photos used are of a similar unit in the same complex, some furniture and outlook may be different. Speak to agent for details..