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Situated in the heart of studentville, this compact FREEHOLD two bedroom apartment in Princeton is an A+ grade investment or perfect bolt hole for kids at University.
Currently under a management lease providing a hands off stress free investment return (or with options to remove from lease if required).
While selling prices have not yet recovered from the effects of Covid.... rents have!
Take advantage of this unique opportunity while it lasts before everyone else catches on and prices recover.
Once out of the lease you can either rent it on the open market OR put your kids in it ready for university next year.
Current rental appraisal is $400 - $440 per week which will provide a huge return for the lucky new owner.
You will struggle to find a better return from a freehold property in central Auckland.
Our long term owner has extremely realistic expectations and has provided clear instructions and this unit will be SOLD at auction (unless sold prior).
For a comprehensive information pack including rental appraisal, outgoings, lease details please contact Ryan today.
AUCTION: 12:30pm, Thursday 2nd May 2024
LOCATION: Level 3, 246 Queen Street, Auckland Central