Sold
Dear Investor,
Below is a summary of 506/133 Beach Road Auckland Central:
Address: 506/133 Beach Road Auckland Central
Layout: Studio
Income: currently tenanted at $338/week + GST ($388.78/week), till 14/03/2025. It is currently managed by Unilodge Management and it can be terminated with a notice.
Outgoings are as follows: operating expense: $3,285.99 incl. GST per annum
LTMF: $472.79 incl. GST per annum
Ground Rent: $3780.44 incl. GST per annum
Council Rates: $1,262.46 incl. GST per annum
Total Outgoings: $8,801.68 per annum
The ground rent review for this building went really well. The increase was very reasonable. It's only about 12.5% increase for the last five-year period. And the next review is over 4 years away.
Net Return: $11,400 approximately
Price Range $65,000-$70,000 incl. GST
Call Ron and Zoran today to secure this property.