Auction Brought Forward

Pre auction offer accepted - Auction brought forward to Tuesday 12:30 PM at Level 3, 246 Queen Street, Auckland Central.

With a declared reserve of just $25,000, this is an opportunity you can't afford to miss. Set in the heart of the Viaduct, this fully renovated and fully furnished 1-bedroom apartment on Princes Wharf is an ideal addition to your portfolio.

Thoughtfully upgraded with new carpeting and sleek kitchen cabinetry, the apartment is ready to deliver rental income from day one. The east-facing orientation ensures plenty of morning light, creating a bright, appealing space for tenants.

The leasehold tenure includes a capped ground rent increase of up to 3% annually (or CPI), providing predictable outgoings:
• Ground rent: $18,093.72/year (effective 01.09.2024)
• Opex: $8,697.22/year incl. GST (01.04.2024-31.03.2025)
• Council rates: $4,198.36/year (commercial)
• Total outgoings: $30,989.30/year ($595.90/week)

The vendors have already moved on, and this property must sell.

Don't miss your chance-contact us to arrange a private viewing or attend the advertised open homes.

Conjunctional sales welcome from all agents.

Explore the area

School catchments

Galaxy International College Secondary Years 9-15 Private 0.84km
Aotearoa Infinite Academy Secondary Years 9-15 Charter 0.85km
Te Kura o Ngāti Whātua ki Tāmaki Secondary Years 9-15 Charter 0.96km
UP International College New Zealand Secondary Years 9-15 Private 1.6km
St Mary's College (Ponsonby) Secondary Years 7-15 State integrated 1.6km
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
The Busy Group New Zealand Limited Secondary Years 9-15 Charter 1.9km
Crimson Global Academy Secondary Years 9-15 Private 1.9km
Auckland Girls' Grammar School Secondary Years 9-15 State 2.1km
Ponsonby Primary School Primary Years 1-6 State 2.3km
Ponsonby Intermediate Intermediate Years 7-8 State 2.4km
Stanley Bay School Primary Years 1-6 State 2.4km
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 2.8km
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 3.1km
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 3.3km
Devonport Primary School Primary Years 1-6 State 3.4km
Newmarket School Primary Years 1-6 State 3.4km
Grey Lynn School Primary Years 1-6 State 3.6km
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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