Sold
4D/508 Queen Street,
Auckland Central, Auckland City
NZD 115,000
Property details
-
Agents
Ray White Auckland Central: A T Realty Limited (REAA 2008)
3/246 Queen Street, Auckland Central Auckland City 1010
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Diamond in the Rough
Get your money/equity working - savvy investors wanted!
You'll need to be a cash buyer for this, as there are remedial issues. With the works poised to start, and a bundle of cash sitting in the coffers, the expected cost to the new owners will be minimal; the complete opposite of the upside once the works are complete - there is a lot of meat for the new owner to sink their teeth into.
There'll be no pain whilst you wait with a standing tenant showing an excellent return, so sit back and let the good times roll.
Located on Auckland's golden mile Queen Street, future values are sure to go through the roof. Added to that you have very low body corporate fees and rates with a Freehold title. This little stunner is a true city living in the heart of transport, Universities, amenities of the CBD. The current tenants love the apartment, look after it and its contents like their own.
- 34sqm (approx.)
- One Bedroom, One Bathroom
- Freehold
- CV: $185,000 (2021 rates)
- Rental Appraisal: $370.00 - $400.00 per week (furnished)
Outgoings:
Body Corporate Fee: $3,059.18 per annum
Rates: $904.07 per annum
With the current average sale price in the city of over $10,000 per sqm and new developments heading toward and past $15,000 per sqm, try this at under $4,000 per sqm.
Borrow the lot against existing security and soak up the exceptional returns. Better yet pay cash.
One of the best opportunities on the market.
Don't delay, call us now for a full information pack.
You'll need to be a cash buyer for this, as there are remedial issues. With the works poised to start, and a bundle of cash sitting in the coffers, the expected cost to the new owners will be minimal; the complete opposite of the upside once the works are complete - there is a lot of meat for the new owner to sink their teeth into.
There'll be no pain whilst you wait with a standing tenant showing an excellent return, so sit back and let the good times roll.
Located on Auckland's golden mile Queen Street, future values are sure to go through the roof. Added to that you have very low body corporate fees and rates with a Freehold title. This little stunner is a true city living in the heart of transport, Universities, amenities of the CBD. The current tenants love the apartment, look after it and its contents like their own.
- 34sqm (approx.)
- One Bedroom, One Bathroom
- Freehold
- CV: $185,000 (2021 rates)
- Rental Appraisal: $370.00 - $400.00 per week (furnished)
Outgoings:
Body Corporate Fee: $3,059.18 per annum
Rates: $904.07 per annum
With the current average sale price in the city of over $10,000 per sqm and new developments heading toward and past $15,000 per sqm, try this at under $4,000 per sqm.
Borrow the lot against existing security and soak up the exceptional returns. Better yet pay cash.
One of the best opportunities on the market.
Don't delay, call us now for a full information pack.
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 0.75km
- 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.
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Contact Steve Kirk
Contact Steve Kirk
Steve Kirk
4D/508 Queen Street, Auckland Central 1010
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Steve Kirk
4D/508 Queen Street, Auckland Central 1010