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This is a very affordable 1 bedroom, 1 bathroom property that comes with a secure internal Carpark in the sought after Docks complex. It is located in the heart of Auckland CBD with only a short walk to Commercial Bay, Britomart, the Viaduct and the Ferry Terminal.
This is a great opportunity for 1st home buyers or an affordable alternative to paying rent while the children go through University which then can turn into a good cashflow investment. With the return of Overseas students, the soft rental market in the CBD will begin to strengthen.
Why buy LEASEHOLD? Leasehold properties are considerably cheaper then Freehold and when you look at the numbers, the weekly outgoings are only $169.25
Currently rented at $470 pw on a periodic tenancy.
Body Corp Fees including Ground Rent and Building Insurance is $7,447.64 and this is invoiced quarterly.
Council Rates: $1,353.64
The lease term is 150 years from 1996 with Ground Rent Reviewed every 7 years. The next review is due on 2025.
Give Greg a call to arrange a viewing or to receive an information Pack