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We've done the guess work for you, at a $89,000 DECLARED RESERVE.
This compact FREEHOLD two bedroom income generator is by far the sharpest priced option for anything comparable on today's market and it's right in the heart of Auckland's academic area, no need for a degree to figure that out.
Sandwiched between Auckland Uni and AUT enjoying constant demand from the student accommodation sector without costing the earth.
With the lease expiring in August 2024 upside options are to buy for the kids future accommodation needs, add value or rent out as a long term hold.
'The Columbia' building is well maintained and meticulously managed by on-site building managers, hassle and headache free, just as it should be.
Rental appraisal $430-450 per week...and not long to wait for that river of gold to come your way.
If you can find a bargain better than this, you should probably buy it.
Going once, going twice, overseas sellers' are over and out.
Auction (Unless Sold Prior) Thursday 25 July 2024
In rooms: Level 3-246 Queen Street Auckland Central at 12:30pm
As the property is currently under a management lease viewing is not possable.