Property main details

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1

Home For Sale

  • Sold For $260,000
  • Apartment

Specifications

  • Property Type
    Apartment
  • Building
    46 m2

Cash baby yeah!

Whether you like relaxing on the beach in Fiji or skiing in The Swiss Alps you will not need to worry your money will be at home working for you. This three bedroom apartment is located right in the university strip giving you access to strong rental demand and very low vacancy rates. Auckland University has become New Zealand's largest real estate developer, with a $1 billion 10-year order book already well under way. The means strong rental growth as the student economy continues to grow particularly the international market.
This apartment is under a long term management contract. This gives you the constancy you need for this long term investment. Management Company maintain a high standard of tenant with regular inspections helping keep your apartment in good condition thus improving the rental performance.
Alternatively you can use the apartment to live in or perhaps you have your own children at University, then this could be the perfect pad for them. The location is walking distance to AUT, University of Auckland and the Business School in the Owen Glenn complex.
The current gross rental income is $510/wk for a three bedroom unit that is a great return. If you look around the city at other stock you will be hard pressed to beat this cash flow! If this opportunity sounds like you please contact Alex and Rita for an information pack now it will be sold at Auction.

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If you're interested in looking at properties around the area, or want the latest information on the market in your neighbourhood, we'd love to hear from you. 

96 Symonds Street AUCKLAND CENTRAL, Auckland City
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