Let's cut through everything...look at these numbers!!
Income: $450/week = $23,400/annum
OPEX: $5,105.00/annum
Ground Rent: $8,272.60/annum
Auckland Rates: $1,297.66/annum
NET INCOME.......... $8,725/annum approx.
Based off these numbers this is over 11% Net Return (approx.), almost double what Banks are paying!
Overseas owner has dropped their price and needs to move this as quick as possible, this may be the best deal in the CBD.
Long-term tenants in place so just buy, sit back and count the dollars.
The desired North Corner of the building with great views, lots of sun and a deck big enough to relax on.
Queen Street Uni & AUT, could this be, the best location in the CBD, come and see!
Buy this property for a long-term Hold,
and you could have your financial problems Solved
it is Leasehold (or as we say LeaseGold!),
Don't be left out in the Cold,
Be brave and be Bold,
Our owner needs this Sold
Behold the Leasehold!