This roomy studio should be on your shopping list if a cheap central Auckland bolt hole is what you're looking for, or certainly a great little option for a serviced apartment - guests and tourists will love the central location in the heart of the city.

The owner has current owner has decorated the studio enhancing the appearance with new carpet, paint and a feature wall, along with installing a fold out double bed for maximum use of space. Note this could be easily removed should a new owner wish to replace with a permanent bed.

The apartment is approximately (not confirmed) 40 square metres internally with a large deck and sold fully furnished with couch, TV and sizeable fridge / freezer. There is a periodic tenancy in place so you could have vacant possession with the minimum 42 days notice to the tenant.

Princes Wharf is prime central Auckland real estate extending out from the Viaduct hub with bars and restaurants galore at your doorstep.

Important to note that the ground rent for Princes Wharf apartments is increased annually by 3% or the CPI, whichever is greater. This is extremely positive as it removes all of the uncertainty around the 5 - 7 yearly rent reviews that are typical of Auckland leasehold structures.