Tidy Two + Car


310/57 Mahuhu Crescent, Auckland Central

Asking Price NZD $255,000

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Tidy Two + Car | 310/57 Mahuhu Crescent, Auckland Central | 1653912 |      X Close
Description

Tidy Two + Car


Very, very tidy 7%+ NET ROI!

This superb example of well thought out, apartment living has just been vacated, painted and priced to run out the door - sub $250,000 for a two bed with carpark, this is why Leasehold in the right complex makes serious sense, not to mention dollars!

It's easy to see why Hudson Brown is such a popular complex. Its unique layout instils a sense of safety and community whilst maintaining privacy within each of the residences. Completed in 2005, the designers achieved a unique look by marrying together a mixture of materials whilst maintaining performance with extensive ventilated cavity systems throughout.

Features:

โ€ข54 square meters (approx.)

โ€ขTwo Bedrooms

โ€ขSecure Covered Car Park

โ€ขStorage Locker

โ€ขExcellent Location

Income:

Rent appraised at $620 to $650 per week.

Income after expenses: $19,650 = 7.9% return at full asking!

Outgoings:

Total outgoings only $272 per week!

Rates: $1,642

Ground Rent: $8,609

Body Corp: $3,897

TOTAL: $14,148 per annum

The Land on which Hudson Brown is built comes with certain restriction that effect the value. This is the perfect situation for leasehold as the rent is based on the land value - so not only do you get a superb apartment in an excellent complex, you also get extremely competitive ground rent compared to others in the area.

Call us today to arrange a viewing!

310/57 Mahuhu Crescent, Auckland Central

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