58 Dryden St

Grey Lynn Auckland

502 m²

House

Currently for sale - view listing

Overview

High returns - Top location - Going, gone!

If you’re looking for quality, location and returns, this is your moment. The price has just been slashed to $3,379,000, and the message could not be clearer. The vendor wants it gone and wants it gone now. Just ten minutes from Auckland’s CBD, this fully rebuilt and reimagined boutique accommodation property is a rare find in Grey Lynn or Ponsonby. With an impressive gross yield of 5.7%, this is the kind of cash cow investors dream about, a high performing, low maintenance income generator with built in capital growth potential. Featuring two self contained dwellings with a total of nine double bedrooms and seven bathrooms, including six ensuites, the property combines style and substance in equal measure. Each level enjoys its own kitchen, living area, and sun filled outdoor space surrounded by lush greenery and park views. Premium finishes, double glazing and central heating ensure comfort and ease of management for the long term. Currently under professional management of long-term tenancies and delivers reliable rental income of $192,400! The layout also offers flexibility for corporate rentals, boutique Airbnb hosting or multi use accommodation, giving investors the ability to tailor returns to suit their strategy. In a market where well performing assets are increasingly scarce, this property stands out as a true performer, offering strong cash flow today, capital upside tomorrow and unmatched versatility in one of Auckland’s most desirable city fringe locations. The vendor is crystal clear. Sell it. Now. Private viewings are available by appointment only. Contact the agents below to secure your opportunity to own one of the best yielding properties in the inner city before someone else does.