504/72 Nelson Street, Auckland Central, Auckland

For Sale

504/72 Nelson Street, Auckland Central, Auckland

Asking Price $255,000

37 m²

Apartment

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30+ days on the market

What's around 504/72 Nelson Street

Renovate, rent and reap the return

Investors looking for an affordable CBD opportunity with genuine upside should put this one at the top of the list. Positioned on the fifth floor of the popular Zest complex, this freehold apartment offers efficient two-bedroom living and the added value of a secure carpark - an increasingly sought-after combination in the central city Apartment 504's floor coverings have been removed, and the kitchen and bathroom offer scope for improvement. For a buyer prepared to complete the work, this creates the opportunity to renovate with the rental market in mind, control the refurbishment costs and potentially enhance both the income and future resale value. The apartment enjoys views toward the Auckland Harbour Bridge, adding another point of difference for prospective tenants. •Two bedrooms and one bathroom •Approximately 37sqm •One carpark •Auckland Harbour Bridge views •Onsite gym •Vacant and ready for renovation •Rental appraisal $500-$550 pw •Body corporate, $5,866.62 pa •Rates $1,674.43 pa Residents have access to an onsite gym and communal laundry facilities, while the central location places City Works Depot, Victoria Park, SkyCity, Queen Street, universities, public transport and motorway connections within easy reach. These amenities are consistently promoted as major tenant drawcards in other listings within the complex. Whether you are expanding an existing portfolio, searching for a renovation project or entering the Auckland apartment market, this is an opportunity to purchase, improve and position for yield. Get in touch today for more information or to arrange your private viewing.