411/133 Beach Road, Auckland Central, Auckland City, Auckland

411/133 Beach Road, Auckland Central, Auckland City, Auckland OMG!

Attention investors, the last three units like this were all sold within 2 weeks.

Photos are taken from a similar unit.

Below is a summary of 411/133 Beach Road in Auckland Central:

Address: 411/133 Beach Road Auckland Central

Layout: Studio

Size: approximately 19 sqm

Tenure: leasehold

Income: currently tenanted at $338/week + GST ($388.78/week), till 01/07/2025. It is currently managed by Unilodge Management and it can be terminated with a notice.

Outgoings are as follows:

Operating expense: $3,658.92 incl. GST per annum

LTMF: $526.44 incl. GST per annum

Ground Rent: $4,257.6 incl. GST per annum

Council Rates: $1,262.42 incl. GST per annum

Total Outgoings: $9,705.38 per annum

The ground rent review for this building went really well last year. The increase was very reasonable. It's only about 12.5% increase for the last five-year period. And the next review is over 4 years away.

Net Return: 12% as is at asking price and can be over 15% if managed properly.

Price: $74,900 incl. GST

Call Ron and Zoran to secure this property today.

Photos are taken from a similar unit.