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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. In fact there is a management company onsite at Princes Wharf who can manage the rental aspect for you.
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 nestled amongst sailboats and a fabulous atmosphere, across from the Viaduct.
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 more or less.
Auction: 20th June 2024 at The Ray White Auckland Central Offices.
Please contact me today to organise a viewing.
Happy buying.