Sought-after Parnell investment


28 Ruskin Street, Parnell

Auction

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Sought-after Parnell investment | 28 Ruskin Street, Parnell | 1692820 |      X Close
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Sought-after Parnell investment


With a prime Parnell address, 28 Ruskin street is a block of residential units with carparking, all on one freehold title and currently returning $280,540 gross per annum.

Offering astute investors a low-risk investment, with a continuous cashflow, the block is currently fully occupied and consists of 8 units, 14 carparks plus a building managers office which has been occupied long term by the same tenant as a residential apartment.

Hands on or hands off, the current owner has self-managed the property, meaning the property is well keep and meticulously maintained.

591sqm (approx.) of freehold land is located in undeniably one of Aucklands most sought after suburbs, being on the fringe of Aucklands CBD. It is easy to understand why the property has been consistently occupied given the proximity to Parnell Rd, Auckland University, Auckland Hospital, Port, Tamaki Drive, Auckland Domain and motorway accesses.

Make no mistake, this unique property has been listed for sale by way of forthcoming auction - Date and time to be confirmed (unless sold prior)

Cv (2017) $5,100,000

Vehicle access and best pedestrian access is via St Georges Bay Rd.

Open home times to be confirmed with the change of Covid-19 Alert level or phone to meet an agent on-site.

Paul Hain

Auckland Central

Licensed under the REA Act 2008

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Amy Hain

Remuera

Licensed under the REA Act 2008

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28 Ruskin Street, Parnell

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Paul Hain

Auckland Central

Licensed under the REA Act 2008

View profile

Amy Hain

Remuera

Licensed under the REA Act 2008

View profile