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Auckland Central

8 Scotia Place, Auckland Central, Auckland

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1 Bedrooms
1 Bathrooms

Asking Price NZ$129,000

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. 30sqm 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 sqm and new developments heading toward and past $15,000 per sqm, try this at under $4,500 per sqm 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

Steve Kirk

Steve Kirk


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Habeeb Urrahman

Habeeb Urrahman


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Chris Cairns

Chris Cairns


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Legal Description


UNIT 6D UP 201173

Tenure


Stratum in Freehold

Title


NA129D/647