Positioned within Shed 22 on Princes Wharf, this furnished one-bedroom apartment with a versatile flexi-room offers approximately 57 sqm of internal living, complemented by a balcony that enhances its waterfront appeal.
What really sets this home apart lies in its position, not simply near the water, but directly above it. Step outside and the promenade is right on your doorstep, lined with a lively array of cafés, restaurants, and the ever-changing energy of harbour-side living. From morning walks along the water to evening dining with the urban lights as your backdrop, this location delivers both a lifestyle and convenience. Auckland's shopping precincts and transport links are also within easy reach, making day-to-day living effortlessly connected.
The apartment is currently returning $625 per week on a periodic tenancy.
This is a leasehold property - Princes Wharf lease ending in 2096. The ground rent is reviewed annually in line with the Consumer Price Index (CPI), with full lease documentation available upon request.
Ground Rent: $17,356.00 per annum, effective 01.09.2025.
OPEX: $8,681.84 plus GST for the period 01.04.2025 to 31.03.2026.
Council Rates: $3400 per annum. The property is currently on commercial rates, with the option to reapply for residential rates.
Opportunities in this position are always sought after. Get in touch today to arrange your viewing or to request further information.
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