BUY LOW, SELL HIGH


8 Scotia Place, Auckland Central

Asking Price NZD $129,000

Download Email
BUY LOW, SELL HIGH | 8 Scotia Place, Auckland Central | 1653242 |      X Close
Image
Description

BUY LOW, SELL HIGH


At 8 Scotia Place there is upcoming remedial work. The owner requires a prompt sale, as such he is leaving room, huge room for potential 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 could go through the roof. Added to that you have very low body corporate fees & rates and a Freehold title.

Being a D Unit, this is in our opinion the best floorplate in the block - excellently laid out, views out over Myers Park and buckets of sun. This little stunner is peaceful and private but minutes to transport, Universities, amenities and the CBD.

+ Approx. 30m² 1 bedroom (floor area set to slightly increase after works completed)

+ Body Corporate levy: $3,301.16

+ Rates: $722.76

With the current average sale price in the city at about $10,000 per m² and new developments heading toward and past $15,000 per m², try this at under $4,500 per m² and once fixed back up to market, you stand to make a killing.

Other units in the building are renting at $400+; work out the returns...yes they are exceptional.

One of the best opportunities on the market. Call us today to arrange a viewing