E and K/85 Wakefield Street, Auckland Central, Auckland

15 Apartments Leased by Waldorf

- 15 residential apartments (13 studios, two one-bedroom rooms) on two titles and on one floor
- Net income approximately $152,104 + GST, tenanted by an international operator, Waldorf, since 2011
- Floor area approx. 405sqm, plus common room of 42sqm
- Central location opposite AUT and near University of Auckland

A rare investment or future add value opportunity of 15 units located in the 14-level building at 85 Wakefield Street, comprising 175 apartments available for short or long term accommodation. The apartments have recently undergone a major renovation to a quality standard. Additional facilities in the building include a laundry room, multi-media facities, and a common room currently used as a gym.

The site is exceptionally positioned close to the centre of the CBD, surrounded by a range of popular amenities including Aotea Square, University of Auckland and Auckland University of Technology (AUT); with Queen Street being within 500 metres of the building.

The property provides a superb opportunity to extend the lease and enjoy a passive investment or take over the property in 2018 and add further value to this quality offering.