Gravy Train Investment

8 Scotia Place, Auckland Central

Asking Price NZD $169,000

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Gravy Train Investment | 8 Scotia Place, Auckland Central | 1653465 |      X Close

Gravy Train Investment

Freehold one bedroom and a carpark for $169K. Supersized investment with a 10%+ net return - just try and beat that! You'll need to be a cash buyer for this as the remedial issues found are yet to be fixed - whilst the rent hasn't been effect, the prices have...massively, so jump aboard the gravy train and let the good times roll!

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

What does this mean for you? A whopping 10%+ net return off a measly $169K and potential capital gains once all is complete should be massive.

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.

+ 30m² 1 bedroom (floor area set to be increased after works are completed)

+ Carpark

+ Body Corporate levy $4,539.11

+ Rates $809.94

The average sale price in the city of now about $10,000 per m² and new developments are heading past $15,000 per m² (and that's without a carpark which you'd be lucky to pick up for $80,000 if they were being offered!). You can do the math but to us, this a no brainer.

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!