Attention: Declared Reserve $50,000

Located on Princes Wharf Shed 20, residents benefit from easy access to a vibrant array of dining, entertainment, and recreational options. Explore nearby cafes, restaurants, and shops, or take a leisurely stroll along the waterfront promenade.

Key Features:
• Leasehold - Vacant Possession
• Total floor area of approximately 58m2 more or less
• Captivating balcony flooded with sunlight
• CV: $530,000
• Rates: $1,769.55 per annum
• Ground rent: $9,581.32 per year effective 01.09.2023. (The next rent review will happen in Sept 2024)
• Operating Expenses: $8,883.32 plus GST from 01.04.2024 to 31.03.2025
• 50-year and 3 months lease term, the lease will expire in 2050
• Short-term rental appraisal in $41,893 p.a. ($805 per week on average after fees)
• Rental Appraisal: $550 - $580 per week

Auction on 8th Aug 2024 at 12:30 PM (unless sold prior) at L3/246 Queen Street, Auckland Central

Suitable Auckland bolt hole, and there's a rental management office onsite at Princes Wharf that can suggest different rental options based on your circumstances.

Princes Wharf is a leasehold complex: owners pay OPEX (short for Operating Expenses, ground rent, and rates).

The ground rent for Princes Wharf is replaced five yearly market rent reviews with fixed annual increases (at the greater of 3% or CPI) for 25 years from 1st September 2014
Now is the opportune moment to secure a lucrative investment or your dream home. Contact May Ma at 021 821 600 or Mark Li at 021 330 678!

Explore the area

School catchments

Galaxy International College Secondary Years 9-15 Private 0.82km
Aotearoa Infinite Academy Secondary Years 9-15 Charter 0.88km
Te Kura o Ngāti Whātua ki Tāmaki Secondary Years 9-15 Charter 0.92km
UP International College New Zealand Secondary Years 9-15 Private 1.6km
St Mary's College (Ponsonby) Secondary Years 7-15 State integrated 1.7km
Freemans Bay School Primary Years 1-6 State 1.7km
City 0-10 Composite Years 1-15 Private 1.7km
Te Kapehu Whetu - Tamaki Secondary Years 9-15 Charter 1.8km
Crimson Global Academy Secondary Years 9-15 Private 1.9km
The Busy Group New Zealand Limited Secondary Years 9-15 Charter 1.9km
Auckland Girls' Grammar School Secondary Years 9-15 State 2.1km
Ponsonby Primary School Primary Years 1-6 State 2.4km
Stanley Bay School Primary Years 1-6 State 2.4km
Ponsonby Intermediate Intermediate Years 7-8 State 2.5km
Parnell School Full primary Years 1-8 State 2.6km
Te Uru Karaka Newton Central School Primary Years 1-6 State 2.7km
ACG Parnell College Composite Years 1-15 Private 2.8km
Richmond Road School Primary Years 1-6 State 2.9km
St Paul's College (Ponsonby) Secondary Years 7-15 State integrated 2.9km
Marist Catholic School (Herne Bay) Primary Years 1-6 State integrated 2.9km
St Peter's College (Epsom) Secondary Years 7-15 State integrated 3.0km
Bayfield School Primary Years 1-6 State 3.1km
Auckland Grammar School Secondary Years 9-15 State 3.2km
St Leo's Catholic School (Devonport) Primary Years 1-6 State integrated 3.2km
Devonport Primary School Primary Years 1-6 State 3.3km
Newmarket School Primary Years 1-6 State 3.4km
Ficino School Full primary Years 1-8 Private 3.7km
Epsom Girls Grammar School Secondary Years 9-15 State 4.2km

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.

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