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Indications are that this complex will need to undergo a significant remediation project to repair construction defects.
For those with cash and an appetite for risk & reward.. read on.
A proven strategy in investor circles, buildings with repair issues often lead to big profits once remedied and new Code Compliance Certificate issued. When common sense prevails spare change may be all you need to buy this FREEHOLD one bedroom apartment. Close to all of New Lynn's delights with the movies, mall and transport all on your doorstep.
A reliable and consistent rental income of $375 per week on periodic tenancy. So central, right in the heart of this entertainment and shopping precinct means that you'll never want for a tenant either now or in the future. While a remedial work plan is defined the rent keeps rolling in
It can be years before a plan is put in place. Sellers want to move on and buy their dream home so certain needs dictate sale making this a very committed seller indeed. Do not delay, these discounted deals are popular - and so affordable.