12K/76 Albert Street, Auckland Central, Auckland

For Sale

12K/76 Albert Street, Auckland Central, Auckland

$199,000

42 m²

Apartment

•

30+ days on the market

What's around 12K/76 Albert Street

Risk it to get the biscuit!!

Yes this apartment is suffering from remedial issues but don't despair - help is on the way! After a settlement with Auckland Council a large portion of the remedial cost has already been raised (there will however be further levies for the new owner to make up construction shortfall) You can take advantage of this situation by purchasing now at a price considerably below market value and reap the rewards once the work is complete. With the work expected to start this year and take approximately two years this property has huge potential for the astute purchaser. Building consent is nearing issue and once the face lift is complete you will be the proud owner of a prime apartment in one of the best locations in Auckland. Just metres from Auckland's golden mile and a short walk to the Viaduct, Commercial bay, Universities and Britomart. Current tenant paying $395pw and plans to stay until the remediation project gets underway. You will benefit from significant instant equity once the new CCC is issued and your friends will be wondering how you got so lucky! Contact us today for a breakdown of the numbers and an explanation as to why this is one of the best opportunities available right now. Note: you will need either cash or equity as the main banks are unlikely to fund this property.