Apartment for Sale

15 City Road Auckland Central, Auckland City 1010

$99,000
  • 1 Bed
  • 1 Bath

Are you interested in inspecting this property?
Get in touch to request an inspection.

Request an inspection
Apartment for Sale in Auckland Central

Government Guarantee

  • 1 Bed
  • 1 Bath

Watch your rent roll in every month courtesy of the New Zealand Government.
Leased to Housing New Zealand until February 2020 these TWO one bedroom apartments are a great addition to your investment portfolio.
I'll just let the numbers do the talking:

Annual income:
$17,893.20

Annual expenses:
Ground rent: $5,493.40
OPEX: $ 3,885.36
Rates: $1,056.12

NET Profit: $7,458.32

At the end of the lease in 2020 you may wish to leave the unit with HNZ, or withdraw it from their management for your own city crash pad.
Alternatively you could test the residential rental market or turn it into your own Air BNB cash cow.
The options are endless and with a location such as this the potential for capital gain is outstanding.
Just a short walk to Aotea Square, Auckland University, K'Rd, Ponsonby and all that City living has to offer.
Please inquire today to understand how these units are a great investment for your future.

NOTE: You are NOT able to live in this property until the lease expiry in Feb 2020.

Property ID:

CTA31626

Bedrooms:

1

Bathrooms:

1

Contact

Agents

  • Loading...
  • Loading...
Loading...

Loan Market

Loan Market mortgage brokers have relationships with over 30 lenders and compare the interest rates and features of over 800 different loan products to find the right loan for you.