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If you have been searching for an investment that absolutely PRINTS money, then you have come to the right place!
Huge double digit returns on offer here for the lucky last man standing.
This oversized two bedroom in The Landings rents for a whopping $560pw (fixed until September 2024)
Best of all, the outgoings are undoubtedly reasonable:
Council rates - $1,719.67pa
OPEX - $4,856.38pa
Ground rent - $5,273.16pa
Total outgoings - $11,849.21
This leaves you with a surplus of over $17,000 per year after paying your expenses!
What level of net return do you demand? 12%? 14%? More?
Come along to the auction and name your price as our vendor has provided clear instructions to sell this property on the day.
Perfectly located only moments away from the heart of the city, Parnell, Britomart and the waterfront.
The Landings is a resort style complex offering facilities that include a full size tennis court, gym, sauna and a 25m heated indoor pool (all looked after by an onsite building manager)
There's everything you need here to keep you healthy, happy and safe.
The Landings are THE perfect example of why to buy Leasehold property in Auckland.
Total outgoings are ONLY circa $230 per week.
With a purchase price likely to be less than a deposit for a similar freehold offering, you can tell the bank they're no longer needed!
Unit 109 is superbly spacious with two double bedrooms, full sized kitchen and as an added bonus opens out onto the podium level for added outdoor living.
As an added bonus this unit is fully furnished right down to the whiteware.
Yes - its leasehold, but with numbers like these you would be crazy not to give it a second look.
Contact Ryan for a comprehensive information pack and to arrange viewing.
Auction - 12:30pm on Thursday 1st February 2024 (unless sold prior)
Location - Level 3, 246 Queen Street, Auckland Central