This is one cracker of an investment.
Pushing 6% NET return on a $259,000 investment?
Perhaps you have a son or daughter going to University - how easy would it be to not pay someone else's mortgage?
Being a studio, the body corp. fees and rates altogether under $3.5K combined and with such a good asking price you'll be hard pushed to find a better return on a such a low capital outlay.
Apartments in this building practically rent them themselves. Right in the heart of the university precinct, this is popular with students and working professionals alike.
+FREEHOLD
+Rates: $917
+Body Corp: $2,389
+Rent: $350 per week
+Auckland Boys Grammar Zone
Stroll out your front door and 2 mins to Queen Street or across to K'Road - which ever way you go, the city is your oyster with all it has to offer for food, drink and entertainment yet you get to come home to quiet oasis of Liverpool Street and views of the city and the harbour.
First Come, First Served, this has been priced to sell and we expect it to be snapped up.
Call us today for a viewing!