Sold
2i/508 Queen Street,
Auckland Central, Auckland City
NZD 140,000
Property details
-
Agents
Ray White Auckland Central: A T Realty Limited (REAA 2008)
3/246 Queen Street, Auckland Central Auckland City 1010
-
Chattels
- Cooktop Oven
- Stove
- Rangehood
- Extractor Fan
- Dishwasher
- Waste Disposal Unit
- Heated Towel Rail
- Light Fittings
- Floor Covers
- Curtains
- TV Aerial
Long term owner calls it quits!
Situated in the heart of the city - this one bedroom apartment provides a unique investment opportunity with HUGE upside.
The building has been identified as having remedial issues and will need to have extensive repair work in the near future.
The current owner was part of a successful litigation claim with the council and as a result there is $59,988 + GST to go towards this unit's share of the remedial cost.
Based on the current remedial cost estimate there is a shortfall of approximately $52,792 + GST that will need to be paid by the new owner.
The upside here is obvious - our owner is selling at a significant discount to provide an attractive opportunity for an astute buyer.
With nearby complexes selling for between $10,000 - $12,000 per sqm you can see the potential on offer.
Banks won't lend on the property so you will need cash, equity or a second tier lender to come to the party.
When finished, 508 Queen will be a high quality complex with a sought after brand new CCC straddled between K'road and the CBD.
Just a short walk to universities, nightlife, restaurants and Myers park.
For further details including a comprehensive information pack please contact Ryan or Mitch.
The building has been identified as having remedial issues and will need to have extensive repair work in the near future.
The current owner was part of a successful litigation claim with the council and as a result there is $59,988 + GST to go towards this unit's share of the remedial cost.
Based on the current remedial cost estimate there is a shortfall of approximately $52,792 + GST that will need to be paid by the new owner.
The upside here is obvious - our owner is selling at a significant discount to provide an attractive opportunity for an astute buyer.
With nearby complexes selling for between $10,000 - $12,000 per sqm you can see the potential on offer.
Banks won't lend on the property so you will need cash, equity or a second tier lender to come to the party.
When finished, 508 Queen will be a high quality complex with a sought after brand new CCC straddled between K'road and the CBD.
Just a short walk to universities, nightlife, restaurants and Myers park.
For further details including a comprehensive information pack please contact Ryan or Mitch.
Explore the area
School catchments
- The Busy Group New Zealand Limited Secondary Years 9-15 Charter 0.08km
- Te Kapehu Whetu - Tamaki Secondary Years 9-15 Charter 0.14km
- City 0-10 Composite Years 1-15 Private 0.26km
- UP International College New Zealand Secondary Years 9-15 Private 0.28km
- Auckland Girls' Grammar School Secondary Years 9-15 State 0.74km
- Freemans Bay School Primary Years 1-6 State 0.99km
- Te Uru Karaka Newton Central School Primary Years 1-6 State 1.1km
- Galaxy International College Secondary Years 9-15 Private 1.1km
- Aotearoa Infinite Academy Secondary Years 9-15 Charter 1.3km
- St Peter's College (Epsom) Secondary Years 7-15 State integrated 1.4km
- Auckland Grammar School Secondary Years 9-15 State 1.5km
- Te Kura o Ngāti Whātua ki Tāmaki Secondary Years 9-15 Charter 1.6km
- ACG Parnell College Composite Years 1-15 Private 1.6km
- St Mary's College (Ponsonby) Secondary Years 7-15 State integrated 1.7km
- Ficino School Full primary Years 1-8 Private 1.8km
- Newmarket School Primary Years 1-6 State 1.9km
- Crimson Global Academy Secondary Years 9-15 Private 2.0km
- Richmond Road School Primary Years 1-6 State 2.0km
- Kōwhai Intermediate Intermediate Years 7-8 State 2.1km
- St Paul's College (Ponsonby) Secondary Years 7-15 State integrated 2.2km
- Ponsonby Intermediate Intermediate Years 7-8 State 2.2km
- St Joseph's School (Grey Lynn) Full primary Years 1-8 State integrated 2.3km
- Mt Eden Normal School Primary Years 1-6 State 2.3km
- Parnell School Full primary Years 1-8 State 2.3km
- Marist Catholic School (Herne Bay) Primary Years 1-6 State integrated 2.4km
- Grey Lynn School Primary Years 1-6 State 2.5km
- Epsom Girls Grammar School Secondary Years 9-15 State 2.6km
- Ponsonby Primary School Primary Years 1-6 State 2.6km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
Find out how much home loan repayments will be
It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.
Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
Photos
Contact Ryan Bridgman
Contact Ryan Bridgman
Ryan Bridgman
2i/508 Queen Street, Auckland Central 1010
Request a callback
Ryan Bridgman
2i/508 Queen Street, Auckland Central 1010