Opportunities like this are becoming increasingly hard to find in Auckland’s competitive property market. Situated in the highly regarded Hobson Oaks complex at 512/188 Hobson Street, this stratum-in-freehold, two-bedroom apartment offers exceptional value for first-home buyers, city professionals, and astute property investors looking to secure a footprint in the central city.
Functional Layout & Low-Maintenance City Living
Spanning approximately 49m² of practical, low-maintenance city living, the apartment features:
• Two comfortable bedrooms with a simple, functional layout.
• One well-appointed bathroom.
• A fully equipped kitchenette complete with an oven, dishwasher, and rangehood.
With vacant possession available immediately, this property is ready for you to move straight in or place a tenant to start generating rental income from day one. Crucially, there is no hotel lease on the title, providing absolute flexibility to manage the property as a private residence, a long-term rental asset, or a strategic buy-and-hold investment.
Unbeatable Central City Location
Positioned right in the heart of Auckland City Centre, you are just a short walk away from the city's finest amenities, including the Sky Tower, Queen Street shopping, Aotea Square, Viaduct Harbour, and Commercial Bay.
Excellent proximity to nearby universities makes this an ideal option for student accommodation, while the upcoming City Rail Link and Aotea Station will further enhance public transport connectivity and add long-term capital growth potential.
Rare Buying Opportunity Under CV
With a 2021 CV of $410,000 and an incredibly competitive asking price of $299,000, freehold two-bedroom Auckland apartments at this price point are a rare find.
Outgoings & Property Details:
• Body Corporate Levies: $9,590.07 per year (GST inclusive). Note: This comprehensive fee covers building insurance, power, hot & cold water, air-conditioning, and the current communal Sky TV setup (communal Sky provisions are currently undergoing standard review by the Body Corporate).
• Auckland Council Rates: $1,765.33 per year
• Property Type: Apartment (Stratum in Freehold)
• In-Zone Schools: Freemans Bay School, Auckland Girls' Grammar School, Ponsonby Intermediate, Western Springs College.
Whether you are looking to step onto the Auckland property ladder or add a high-yield asset to your investment portfolio, this affordable CBD apartment demands your serious consideration.
Contact Deepak Sharma (021 027 84640) or Jane Wang (027 761 3341) today to request a copy of the 2026 Pre-Contract Disclosure Statement, the latest AGM minutes, or to arrange a private viewing.
