That's right, only $190,000, work it out, that's only $2676 a square metre, and in a city with average square metre rates for new apartments now exceeding $11,000 this is a great deal!
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Why only $190,000, well this property is leasehold, but don't be turned off from this, what you need to look at is the Return on Investment potential and the potential return is good on this one.
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This property is currently renting at $530 per week and with such a central location tenants will be queuing up to rent this excellent city pad.
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The Property is north facing with plenty of natural light coming in for most of the day and charming views over upper Queen street with the sky tower in clear view. The apartment has two good sized bedrooms a modern and well-appointed kitchen and good sized bathroom.
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Carparks are hotly contested in the Auckland CBD and even million dollar apartments don't always have a carpark, this property has a garage, so your parking woes are gone, or if not needed rent it.
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This grammar zoned apartment complex is highly popular with busy professionals working in the CBD as well as university students.
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Total Outgoings:
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Ground Rent $7,642.20 p.a.
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Operating Expenses $3,856.60 p.a.
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Rates $1,354.15
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To view/download property files: http://propdocs.co.nz/property/123878/