This is one of those freehold investment opportunities, equipped with harbour views, where the numbers simply don't lie!
You'll have to be a cash buyer for this one. This is due to the upcoming remedial project, which is scheduled to begin in June this year. However, once completed, this apartment is forecast to become a fantastic asset!
As it stands, this is a well-kept, 40sqm, 1-bedroom, 1-bathroom, North-East facing apartment, with an enormous balcony, which boasts harbour views! By March 2023, which is the estimated completion date, the apartment is set to increase to a whopping 70sqm, equal to a much greater asset!
The current owner is seeking a swift sale, which therefore leaves a fantastic opportunity for you to profit, once the remedial process finishes.
New-buildings in the same area of Auckland, are selling for well over $15,000 per square metre and the average sale price in the city, is approximately $9,000-$10,000 per square metre… If you're running numbers and looking at the artist impressions, this is a no-brainer!
- 40sqm/1 bedroom/1 bathroom (floor area set to be increased to 70sqm with works completed. Well above Auckland Council minimum size for a 2-bedroom)
- Currently Rented for $410 p/week
- Outstanding Location
- Body Corporate levy: $3,176.76
- Rates: $1,127.19
- Special Project Levy (Due: 01/04/2021): $292,160.00
This looks simply like one of the best money making opportunities in today's market.
Don't delay, call Zoran or Adam today!
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