Volatility = Opportunity

10D/8 Scotia Place, Auckland Central

Asking Price NZD $165,000

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Volatility = Opportunity | 10D/8 Scotia Place, Auckland Central | 1652975 |      X Close

Volatility = Opportunity

This property is in a exciting place, priced at the level of a car park it is hard to go wrong. With the future in flux the opportunity to step in and buy this ONE BEDROOM and CARPARK for a song is now.

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 m² and new developments priced at an above $20,000 per m², 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.

At 8 Scotia Place there are remedial issues. The Bodycorp has voted for an investigation and new options for repair are been solicited. I have all the information as a pack can be sent on request via email.

One Bedroom

One Bathroom

One Lounge

One Balcony

Two Tenants

Very Low Bodycorp


Good Condition

Gym In Building

Laundry in Building

Of course for this price you could just pay cash?

- Viewings are by appointment, it can be viewed at your discretion, call now before you miss out.

If you are interested in selling a property you can call or text me on 021-43-55-16 or email marcus.fava.bayleys@gmail.com

Keywords: Scotia Place. Lapwood Spiral, CBD, Heart of the City, Bargain, Remedial, Apartments, Queen Street, Investment, 10% 11% 12% 13% 14% net.

10D/8 Scotia Place, Auckland Central

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