Kua Hokona
Who could resist the opportunity to live within a thriving social scene offering a myriad of dining, entertainment and retail experiences at your doorstep? Catering for cosmopolitan urbanites who are after a simple, stylish, spaciously appointed studio apartment with a carpark in the heart of the city.
The Quays apartments are a well-maintained complex situated in the middle of the Viaduct so you couldn't get any closer to the action if you tried. This apartment gives many options: rent it out for long or short term passive income, or live here and savour the views of the vibrant city. North-facing, it benefits from full height windows and a spacious deck with views out towards the marina so you can enjoy the sun, scenery and activity. This 41 sqm studio apartment was recently upgraded and is sold tastefully and fully furnished.
Here's the numbers:
Income potential:
Airbnb appraisals range from $40,000 - $47,000 NET income (after all management costs)
Fixed term tenancy: $650 - $700 per week
Body Corporate Levy $6,654.18
Ground rent: $11,911.83
Rates: $1,985.27
Total annual expenses: $20,551.28
Do your calculations and let me know what you would offer today!
Walking distance to Commercial Bay, Britomart, Queen Street, Westhaven and major public transport links, you are well situated to take full advantage of what living in the city has to offer.
Leasehold in perpetuity, with 7 yearly ground rent reviews.