Avoid that soul destroying million dollar mortgage and just use your deposit to buy this stunning north facing residence outright.
Buying this at a fraction of the price of comparable freehold options on today's market just makes sense and allows you to have an actual lifestyle, complete with coffees and smashed avocado!
Let's do the math.
Total outgoings at this property are very affordable costing only $309 per week. That's all up including body corporate levies (which includes insurance), ground rent and council rates -only $309 per week to own your own home?!
You could buy this outright for similar money to a 20% deposit on an average Auckland suburban house - and have no mortgage, that's the advantage of a good leasehold title. Or you could borrow up to half the purchase price - meaning a tiny mortgage of $114,500 which can be paid back in no time. All for less than the cost of renting in this prime Auckland Central location. That's got to be better than paying dead money in rent to a landlord.
Enjoy an unbeatable location close to Britomart, supermarkets, entertainment options, Waiheke Island ferries, Commercial Bay and all the convenience a central city lifestyle has to offer. The ground lease is in place for the next 135 years, with the next review in 2025, which means peace of mind for you and represents massive affordability.
The Vital Features include:
Two bedrooms with one bathroom and a secure covered car park. Pleasant and permanent views and surprisingly quiet. Well appointed kitchen with open plan living room. Spacious at 60 square meters with outdoor flow off the lounge to the deck. Vacant, move in straight away and enjoy that brand new carpet feel throughout. Safe and secure building with permanent on site building managers.
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