Elementary, my dear Watson

72 Nelson Street, Auckland Central

Asking Price NZD $245,000

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Elementary, my dear Watson | 72 Nelson Street, Auckland Central | 1653786 |      X Close

Elementary, my dear Watson

Low capital outlay giving you a good return with room for growth in a great area; investment doesn't get much easier than this.

When it comes to rentability location is king and with the International Convention Centre going up two minutes away on the neighbouring block, this apartment can sit happily on a throne; just think of all the staff that will need housing not to mention all the guests that would make this one of the best locations for short term accommodation in town.

The apartment is a one bedroom in great shape and with a reliable tenant fixed until August, all you have to do is sit back and watch the money role in. Although the current tenant is paying a healthy $335 per week, come January this can be pushed up significantly - rental appraisal $350pw to $380pw.

Rates: $1,045.46 p.a.

Body Corp: $2,165.73 p.a. (inclusive of 10% prompt payment discount)

Properties like this don't come up often and when they do they don't stick around long. We expect this to be snapped up extremely quickly, so don't delay.