7C/8 Scotia Place, Auckland Central, Auckland

10% + Net, 1 bed + Car

One man's problem is another's opportunity.
At 8 Scotia Place there is upcoming remedial work set to commence in 2018. This has been costed and a full information pack can be sent on request via email.
Located down secluded Scotia Place and overlooking green and leafy Myers Park, with a park view and a development on each side of the road, future values are going to skyrocket.
If that was not enough, how about very low body corporate fees, council rates and a Freehold title. This cash machine is peaceful and private but minutes to transport, Universities, amenities and the CBD. The current tenants love the apartment, they look after it as if they own it.
The owner wants out and demands a prompt sale, as such he is leaving huge potential profit after remedial costs.
With the current average sale price in the city over $10,000 per sqm and new developments priced at an above $20,000 per sqm, try this for a fraction of that rate - how much is up to you.
In regard to finance you can borrow the lot against an existing property and almost triple your money with an approximate 12% net return at purchase and at least 7% net after remedial levy paid and works complete. Of course for this price you could just pay cash.