222/57 Mahuhu Cres, Auckland Central

Asking Price NZD $299,000

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A LOT FOR A LITTLE! | 222/57 Mahuhu Cres, Auckland Central | 1653810 |      X Close


Motivated Vendor needs action!

When compared to other leasehold buildings in the area, Hudson Brown stands out for all the right reasons. With very low ground rent, excellently managed and perfectly located on the edge of the city, this is the perfect example of why to buy Leasehold.

Seriously for sale is this extremely well looked after two bedroom apartment with carpark. Designed to maximise the use of space with open plan living, high stud and two well sized double bedrooms which have decent wardrobes and external window to ensure light. The living area is also flooded in natural light that spills through large windows and the fully equipped kitchen is perfect for entertaining.

•Storage Locker

•Secure Covered Car Park

•Low Ground Rent

•Fixed Term Tenancy to February 2020 at a whopping $670 per week

•Outgoings (incl. Rates, Ground Rent and BC Levy) $282 per week

Superbly located, with Britomart Transport Hub and the beautiful Fairy building with access to all that Auckland's playground the Hauraki Gulf has to offer only minutes away. Your spoilt for choice when it comes to the Viaduct's bars and restaurants, a short stroll further you'll find Wynyard Quarter (that's if you get sick of all the amazing restaurants and bars right on your doorstep in the Britomart district). Shopping - fashion on High Street, Queen Street and Britomart - and your weekly food shop is across the road.

One of the best value leaseholds in town. Due to certain restrictions, the land value is lower than other leasehold sites in the city. Why is this a good thing? The ground rent is based on the unimproved value of the land meaning you're getting a very low ground rent. If you need more convincing the Ground Rent has just been renewed and is fixed until August 2025 - if you're an investor, I'm sure your ears are starting to prick-up.

Extremely motivated vendor, this is your opportunity to pick up this cracker of an apartment for what can only be described as...PEANUTS.

Don't miss out, call us today.