Alakazam - Magic Investment


100 Anzac Ave, Auckland Central

Asking Price NZD $259,000

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Alakazam - Magic Investment | 100 Anzac Ave, Auckland Central | 1654046 |      X Close
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Alakazam - Magic Investment


Supersized investment currently showing a 8.5%+ net return- just try and beat that! You'll need to be a cash buyer for this as the remedial issues found are yet to be fixed -whilst the rent hasn't been effected, the prices have... massively, so jump aboard the gravy train and let the good times roll!

Tidy one bedroom, one bathroom in an exceptional area and here's the kicker - the current 39sqm is about to become well over 50sqm!!!

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.

The owner requires a prompt sale and so is leaving room, huge room for profit after remedial costs. What does this mean for you? A whopping 8.5%+ net return off a measly $259K

With new builds selling for well over $15K around the corner, what's the value going to be when this building is freshly remediated? Even at average sale price in the city of approximately $10K a square meter you're sitting pretty. So put away the calculator, this is a no brainer.

+ 39sqm 1 bedroom (floor area set to be increased to over 50sqm when works are completed)

+ Currently Rented at $500 per week

+ 8.5% NET ROI

+ Outstanding Location

+ Body Corporate levy: $2,867

+ Rates $1,027

Borrow the lot against existing security and soak up the exceptional returns. Better yet pay cash.

One of the best opportunities on the market.

Don't delay, call us now!