4F/15 City Road

Auckland Central Auckland

40 m²

Apartment

Currently for sale - view listing

Overview

$49,999 DECLARED RESERVE

How do double-digit net returns sound? No catch, definitely a motivated seller seeking cash buyers. What will the seller take? We've had that conversation for you-it's in the heading. All you need to do is attend the open home, or not, but definitely attend the auction. Currently rented and returning $420 per week, this sizable, north-facing one-bedroom leasehold apartment does exactly what it was designed for: it's affordable, functional, and in this case, a rare opportunity to gain your first step on the investment ladder. The current tenant has been there for years and would like to stay. We like him a lot, so will you. Features include; • Karang-a-hape station City Rail Link just a stroll away • Auckland Boys Grammar Zoned • Ponsonby, midtown, downtown and everything in between at your doorstep • Queen Street address • Stable tenant, reliable income from the day you own it • No nonsense serious seller This opportunity represents the most affordable ownership option in terms of being "in-zone" for Auckland Girls' Grammar, Freemans Bay School, and Auckland Grammar - all highly sought after schools. A truly affordable way into premium school zoning, right in the heart of the CBD. Does our seller need the ambiguity of conditional offers failing to complete, or inflated asking prices that mean his property could take months or years to sell? Not in this case. Propel your investment self into the future-your future self will surely thank you. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for functionality purposes. All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: floor and land sizes, boundary lines, underground services, scheme plans or consents.