Recently renovated, this furnished studio apartment in 'Grand Central' can be yours today and you can start reaping the rewards immediately. Currently under the management lease until the year 2048, this is an easy hands-free investment.
Grand Central Serviced Apartments is based in the Old Auckland Railway Station - a spectacular heritage building that is part of Auckland's Harbour History right next to the Spark Arena on the Parnell side of the CBD. The entry to the building is through the historically and architecturally significant Grand and Lesser Lobbies, beautiful spaces which were intended to echo the presence of the Grand Central Station, New York.
The University of Auckland, Sky Tower, Princes Wharf, Queen St, and Auckland Museum are all within walking distance. Auckland Airport is only 31 minutes drive away with very easy access to the Motorways, ferries terminal, supermarket, and the Britomart transport hub.
The outgoings are as follows:
Body Corp fees & Ground Rent: Body Corp Fee $8,643.78 per annum ( Ground Rent included in the fee is $3,938.68 per annum GST exempt)
Body Corp Period: 1 April 2022 to 31 March 2023
Council Rates: $995.52 per annum, year 2022/2023
Estate: Stratum in Leasehold
Lease term: 150-year lease with ground rent reviews every 7 years ( next review in 2025)
From 1st Nov 2022 the gross income is $17150 per annum for this apartment
Currently under lease management with Grand Central Hotel Apartment Ltd until year 2048
Phone me today for more information about returns and a detailed information pack.