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7A/11A City Road, Auckland Central, Auckland City, Auckland, 2 Bedrooms, 1 Bathrooms, Apartment
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$89,000

7A/11A City Road, Auckland Central, Auckland City, Auckland

2
1
ApartmentListed Today

Auckland Central 2 Bedroom Leasehold Money-Maker - Make-a Offer

Not too much to say about this one other than you're going to make around 11% NET RETURN ON INVESTMENT at asking price. Term deposits in the bank are around 4.5% now, this isn't really a question of why you should buy this it's a question of how can you not buy this?

The numbers:

Rental Income: $550/week (fixed until 3 January 2026) = $28,600/annum

less Expenses:

• Ground Rent: $12,377.32/annum

• Operating Expenses: $4,715.52/annum

• Council Rates: $1,527.83/annum

= NET INCOME: $9,979.33

You know the location, walk to Auckland University, Queen Street, K' Road, but it's all about the numbers.

Aussie Owner Wants Out! Make an offer today

Location

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School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Auckland Girls' Grammar School
0.82 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 488
3
Freemans Bay School
1.03 km
Primary
1-6
Government
Co-Educational
EQI: 407
6
Auckland Grammar School
1.51 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 385
9
Ponsonby Intermediate
2.27 km
Secondary
7-8
Government
Co-Educational
EQI: 381
9

For developers

Unitary plan:-
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Surrounding facilities

City Road Neighborhood and Surrounding Data

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Ref:HPV5363Last update:2025-03-04 14:10:51