Invest or nest with this very central, modern, single bedroom apartment. Located on the fourth floor west facing with city views and being a corner site ... it is sun drenched.

Excellent square layout places the space where you want it with a deck door off the bedroom and lounge. A few minutes to Queen Street and not much further to the University - this truly is a great location. The apartment comes FULLY FURNISHED and is a fantastic little earner with 8% plus return per annum.

Now for the numbers ...
Currently tenanted for $350 per week until 20/02/16, but this could be shortened. Ground Rent of $5,196.48 p.a. payable in quarterly instalments of $1,299.12 on 1 January, 1 April, 1 July and 1 October each year.
Operating expenses of $3,686.20 for the year 1 April 2015 to 31 March 2016 payable by quarterly instalments of $921.55 on 1 April, 1 July, 1 October and 1 January. The ground rent review is every 5 years, next review due 1 December 2018.
Rates $1,002.48 (GST inclusive)

Crockers - Love Auckland, Love Apartments



Chattels: Stove, Fixed floor coverings, Blinds, Light fittings, Refrigerator, Washing Machine and Taps, Dryer, Microwave, Fully Furnished - see attached chattels list..