8/147 Quay Street, Auckland, Auckland City

Located on the West side of Princes Wharf, the apartments on level 1 are sought after as they have extra high stud and are literally sitting on the waters edge.

As you enter you will notice a feeling of great space, they are some of the largest apartments in the Viaduct boasting an internal area of 72 square metres plus a sizeable balcony.

Leasehold title means very low capital entry cost, and in return OPEX (operating expenses) and ground rent are payable to the lessors on a 3 monthly basis.

These units work well as bolt holes, and many owners recoup expenses by renting them out when they are not using them. In fact there is a management company onsite at Princes Wharf who can manage the rental aspect for you with various different options.

A short stroll to some of the finest dining and entertainment options Auckland has to offer, on the edge of the marina, nestled amongst sailboats and a fabulous atmosphere, the Viaduct is where you want to be.

Treat yourself and get in before summer hits, the sunsets on Princes Wharf are spectacular!

The outgoings are as follows:

Ground Rent: $23,818.72 as of 01.09.24

Opex: $12,958.57 Incl GST

Council Rate: $1,950.85 (commercial rate)

Total: $38,728.14 pa @52 weeks= $744.77 pw

Ground lease duration: 97 year lease term (expiry 2095)

Contact Gabriela for a private viewing or join the open homes advertised.

Conjunctions welcome from all agents.