Sold
305/8 Ronayne Street,
Auckland Central, Auckland City
NZD 157,500
Property details
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Agents
Ray White Auckland Central: A T Realty Limited (REAA 2008)
3/246 Queen Street, Auckland Central Auckland City 1010
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Investor alert, investor alert!!!!!
If you have been searching for an investment that absolutely PRINTS money, then you have come to the right place!
Huge double digit returns on offer here for the lucky last man standing.
This oversized three bedroom in The Landings rents for a whopping $650pw!
Best of all, the outgoings are undoubtedly reasonable:
Council rates - $1,851.44pa
OPEX - $5,413.28pa
Ground rent - $5,878.28pa
Total outgoings - $13,143pa
This leaves you with a surplus of nearly $20,000 per year after paying your expenses!
What level of net return do you demand? 12%? 14%? More?
Come along to the auction and name your price as our vendor has provided clear instructions to sell this property on the day.
Perfectly located only moments away from the heart of the city, Parnell, Britomart and the waterfront and in zone for excellent local schools including Parnell School and Western Springs College.
The Landings is a resort style complex offering facilities that include a full size tennis court, gym, sauna and a 25m heated indoor pool (all looked after by an onsite building manager)
There's everything you need here to keep you healthy, happy and safe.
The Landings are THE perfect example of why to buy Leasehold property in Auckland.
With a purchase price likely to be less than a deposit for a similar freehold offering, you can tell the bank they're no longer needed!
Yes - its leasehold, but with numbers like these you would be crazy not to give it a second look.
Contact Ryan for a comprehensive information pack and to arrange viewing.
AUCTION: 12:30pm, Thursday 1 August 2024 (unless sold prior)
LOCATION: Level 3, 246 Queen Street, Auckland Central
Huge double digit returns on offer here for the lucky last man standing.
This oversized three bedroom in The Landings rents for a whopping $650pw!
Best of all, the outgoings are undoubtedly reasonable:
Council rates - $1,851.44pa
OPEX - $5,413.28pa
Ground rent - $5,878.28pa
Total outgoings - $13,143pa
This leaves you with a surplus of nearly $20,000 per year after paying your expenses!
What level of net return do you demand? 12%? 14%? More?
Come along to the auction and name your price as our vendor has provided clear instructions to sell this property on the day.
Perfectly located only moments away from the heart of the city, Parnell, Britomart and the waterfront and in zone for excellent local schools including Parnell School and Western Springs College.
The Landings is a resort style complex offering facilities that include a full size tennis court, gym, sauna and a 25m heated indoor pool (all looked after by an onsite building manager)
There's everything you need here to keep you healthy, happy and safe.
The Landings are THE perfect example of why to buy Leasehold property in Auckland.
With a purchase price likely to be less than a deposit for a similar freehold offering, you can tell the bank they're no longer needed!
Yes - its leasehold, but with numbers like these you would be crazy not to give it a second look.
Contact Ryan for a comprehensive information pack and to arrange viewing.
AUCTION: 12:30pm, Thursday 1 August 2024 (unless sold prior)
LOCATION: Level 3, 246 Queen Street, Auckland Central
Explore the area
School catchments
- Te Kura o Ngāti Whātua ki Tāmaki Secondary Years 9-15 Charter 0.37km
- Galaxy International College Secondary Years 9-15 Private 0.69km
- Crimson Global Academy Secondary Years 9-15 Private 0.69km
- UP International College New Zealand Secondary Years 9-15 Private 1.3km
- Te Kapehu Whetu - Tamaki Secondary Years 9-15 Charter 1.3km
- Parnell School Full primary Years 1-8 State 1.3km
- The Busy Group New Zealand Limited Secondary Years 9-15 Charter 1.5km
- City 0-10 Composite Years 1-15 Private 1.5km
- Aotearoa Infinite Academy Secondary Years 9-15 Charter 1.6km
- ACG Parnell College Composite Years 1-15 Private 1.6km
- Freemans Bay School Primary Years 1-6 State 2.0km
- Auckland Girls' Grammar School Secondary Years 9-15 State 2.1km
- St Peter's College (Epsom) Secondary Years 7-15 State integrated 2.1km
- Auckland Grammar School Secondary Years 9-15 State 2.3km
- Newmarket School Primary Years 1-6 State 2.4km
- St Mary's College (Ponsonby) Secondary Years 7-15 State integrated 2.4km
- Te Uru Karaka Newton Central School Primary Years 1-6 State 2.6km
- Stanley Bay School Primary Years 1-6 State 2.8km
- Victoria Avenue School Primary Years 1-6 State 2.8km
- St Michael's Catholic School (Remuera) Primary Years 1-6 State integrated 2.8km
- Baradene College Secondary Years 7-15 State integrated 2.9km
- Saint Kentigern Boys' School Full primary Years 1-8 Private 2.9km
- Ecole Francaise Internationale Auckland Primary Years 1-6 Charter 3.0km
- Ficino School Full primary Years 1-8 Private 3.0km
- Epsom Girls Grammar School Secondary Years 9-15 State 3.1km
- Saint Kentigern Girls' School Full primary Years 1-8 Private 3.1km
- Ponsonby Intermediate Intermediate Years 7-8 State 3.2km
- Devonport Primary School Primary Years 1-6 State 3.2km
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
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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
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Contact Ryan Bridgman
Contact Ryan Bridgman
Ryan Bridgman
305/8 Ronayne Street, Auckland Central 1010
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Ryan Bridgman
305/8 Ronayne Street, Auckland Central 1010