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Massive Return on Investment opportunity here at the Sun Apartments on Wakefield Street.
It's been vacant for the sale but is really easy to rent out because it's minutes walk to Auckland University, AUT, Language Schools and Queen Street.
Here are what the numbers look like:
- Rental Appraisal: $380 - $400 per week
- Body Corporate: $3,507.15, including prompt payment discount
- Rates: $1,175.82 per annum
It's potential NET RETURN is right around $16,100! Which makes this right around 8% NET on Asking Price! Remember this is freehold not leasehold.
Easy-care and a simple equation, just do the numbers and make an offer today, our overseas owner is looking to exit this property as soon as possible.