4i/508 Queen Street Auckland Central, Auckland City

Original owner to quit Queen Street studio/one bedroom leaving plenty of profit for a clued up cash buyer. West facing apartment with plenty of natural lights and views.

The 508 Queen Street apartments have known remedial issues which will cost the new owner funds to fix. There is already a significant sum amount sitting in the body corp accounts to help pay for the project, for this unit 4I the settlement fund is $65,547+GST. New owner can take advantage of the settlement fund.

Take the time to understand these issues in this superbly located complex. Take the time and you will be handsomely rewarded.
This apartment complex will be re-clad and re-mediated with renovations.

While this repair is being organised you will collect the ongoing rental of $360pwk from the sitting tenant.

You will need to purchase using equity in another property or with cash as the main street banks will not provide a mortgage until the work is completed and the final CCC issued.

More details will be sent upon request.