5E/8 Scotia Place, Auckland Central, Auckland

Shooting Fish in a Barrel

A freehold apartment for $129,000? Potential Returns are through the roof!

At 8 Scotia Place issues have been found with the cladding that need to be fixed -whilst you will be called on for a levy eventually this could be years away and in the meantime rents are not being effected but the buy price is.. massively.

What does this mean for you? A whopping 12.5%+ net return off a measly $129K and potential capital gains once all is complete should be massive.

The owner requires a prompt sale and as such is leaving room, huge room for profit after remedial costs

Located down a private street overlooking green and leafy Myers Park, with a park view and a development on each side of the road, future values are going to go through the roof. Added to that you have very low body corporate fees and rates and a Freehold title. This little stunner is peaceful and private but minutes to transport, Universities, amenities and the CBD. The current tenants love the apartment, look after it and its contents like their own.

+ 30sqm 1 bedroom (floor area set to bet slightly increased after works are completed)
+ Body Corporate levy $3,094.88 (tbc)
+ Rates $1,071.44

With the current average sale price in the city of over 10,000 per sqm and new developments heading toward and past $15,000 per sqm, try this at over $4,000 per sqm.

Borrow the lot against existing security and soak up the exceptional returns. Better yet pay cash.

One of the best opportunities on the market.

Don't delay, call us now!