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This is a rare chance to buy one of only a select few studio apartments found within one of Auckland City's most sought-after freehold residential complexes. Tailormade for investment, or ideal as a secure lock-up-and-leave in a premium location.
Whether you're looking for a bolt-hole in the city, or you're looking to take advantage of an opportune time to invest in your next rental property, this beautifully presented and impeccably maintained apartment, ticks all the right boxes!
For the investor, this secure and tranquil studio apartment comes fully furnished as seen, has a body corporate levy under $3,000, and never has trouble finding tenants. Not only is it the best time to buy to experience capital growth, but current rental assessments boast 6% NET R.O.I. on typical rental terms. (Calculated on a basic cap rate. Rental analysis available upon request.)
The time to invest couldn't be better:
• Annual rent in the CBD has increased by 8.3%
• Brightline test resets to 2-years on 01 July 2024
• 80% interest deductibility has been reinstated from 01 April 2024
• We're at the top of a mortgage rate cycle, with inflation experiencing nothing but downward pressure.
Property Summary:
• Freehold
• Studio: 36sqm (internal) + 7sqm (deck) | Total floor coverage: 43sqm
• Fully furnished (list available on request) for rent
• Air conditioning
• Newly renovated/upgraded swimming pool and spa pool area.
• Recently upgraded Sauna
• Gymnasium
• On-site building manager
• Secure: 24-hour security (Hotel Grand Chancellor (Floors1-3))
• Great building, with NO KNOWN BUILDING ISSUES | High owner-occupancy rate | Very well-managed | Brand new upgrades
• Sensational freehold location
• Council Rates: $1,568.79 (24/25)
• Body Corp: $2,946.60 p.a. (including 10% prompt payment discount)
Get in contact today to learn more and arrange an inspection.
