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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 three bedroom in The Landings rents for a whopping $650pw!
Best of all, the outgoings are undoubtedly reasonable:
Council rates - $1,851.44pa
OPEX - $5,413.28pa
Ground rent - $5,878.28pa
Total outgoings - $13,143pa
This leaves you with a surplus of nearly $20,000 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 and in zone for excellent local schools including Parnell School and Western Springs College.
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.
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!
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, Thursday 1 August 2024 (unless sold prior)
LOCATION: Level 3, 246 Queen Street, Auckland Central