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A506/421 Queen Street, Auckland Central
$240,000 listed in Oct 2013
Apartment: 2 Bed rooms 1 Bath rooms
Building size: 34 sqm
Agent: Bayleys Real Estate Ltd - Auckland

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Property Description:
Overseas vendor says Sayonara to their New Zealand investment held for the last 9 years, so put your offer in today to get in on the same incredible opportunity.

Freehold corner unit that's approximately 35sqm in the well sought after Kiwi on Queen apartment building. Solid concrete tilt slab construction with no water tightness issues. The Apartment is fully furnished and has been tenanted for the last 9 years by the same tenant.

Two bedrooms, one bathroom and balcony looking up towards K' Road. The apartment is sunny and light, fully furnished and maintained by current lessee.

With apartment prices in the building and Auckland climbing this guaranteed return is a rare offering with potential for solid capital returns in the near future, this apartment offers the best possible balance between an attractive set yield and future capital growth.

Full tenancy, set returns. Easiest Investment you'll ever make.

Income:
* Rent: Paid monthly at $1,885.00 ($22,620 Per Annum)

Outgoings:
* 8% Management Fee
* BC: $4,869.76
* Rates: $1,014.26

Total Net Income: $14,926.38 per annum

Call Jay today to organise a viewing and to get a copy of the property file
Property valuation from Government
Nearby Schools:
NameTypeDecileDistance
Kadimah CollegePrimary10203 meters
MindAliveCombined99347 meters
ACG New Zealand International CollegeSecondary7307 meters
Auckland Girls' Grammar SchoolSecondary5642 meters
ACG Senior CollegeSecondary10626 meters
>>More schools

The property data is from the public websites.

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