46/147 Quay Street, Auckland Central, Auckland

Shed 22 - Princes Wharf

Welcome to Auckland's city water front living

These units work well as a crash pad or for you to live in permanently or many owners recoup expenses by renting them out when they are not using them either through Airbnb or long term tenants. In fact there is a management company onsite at Princes Wharf who can manage the rental aspect for you with various different options.

The property is currently managed as and Airbnb.

Leasehold title means very low capital entry cost (MUCH LOWER THAN CV), and in return OPEX (operating expenses) and ground rent are payable to the lessors on a 3 monthly basis

A short stroll to some of the finest dining and entertainment options Auckland has to offer, on the edge of the marina, nestled amongst sailboats and a fabulous atmosphere, the Viaduct is where you want to be.

The ground rent is capped at an annual increase of 3% (or CPI) - whichever is the greater, so you have some certainty on your numbers here.

Capital Value: $380,000 Opex (body Corporate): $4922.16 per annum Ground Rent: $5,640.16 per annum ACC Rates: $3,019.39 per annum Floor Area: 41m2.

Auction: 20th June 2024 at The Ray White Auckland Central Offices.

Please contact me today to organise a viewing.

Happy buying.