31 Simkin Avenue, St Johns, Auckland

Astute buyers - Do your sums! Urgent sale required

Leasehold, BUT this is an excellent opportunity to get into Auckland's housing market in a central city location at a very affordable price. Rarely will a block of three, two double bedroom brick and tile units be on offer for so little!

Current lease expiry date is 23 September 2027.

Current ground rent $20,940 (will be reviewed 2020 and then set for the next seven years).

Rates $4,640.33 2017/18. Current Rental $58,760 ($380 X2 + $370).

Built in the sixties the units are generous (70m² plus) and all of the rooms are a decent size. Large kitchens and bathrooms with a bath.

There is a front deck to each and the views extend to the Coromandels. All three units are on separate water meters.

To some purchasers this is an excellent alternative to renting with all it's uncertainty and to others a sound investment at a price seldom seen in today's market. C.V. $1,020,000.

Viewing by appointment only

Agent Susan Rees 027 535 8173