This accessibly priced apartment offers an entry-level option for those seeking a flexible property investment.
Its compact, functional design (around 27 sqm) maximizes space, with 2 double bedrooms (individually lockable & can be tenanted separately or together), a shared kitchen, and a shared bathroom. In buildings primarily known for student accommodation, location and layout matter most. Here, both come together in a way that has consistently attracted tenants.
Positioned just minutes from the University of Auckland, AUT, and in close proximity to Queen Street, the central location naturally attracts a steady stream of student tenants and CBD professionals.
Recently refurbished with new paint throughout, new appliances, carpet and curtains, a modern tiled shower, and furnished. Positioned a distance from the street and adjacent to a tree-lined low-use carpark, it is tranquil for such a central location.
Rented at $505 per week (One room $255pw, second $250pw). While it is currently managed by the experienced Princeton Property on-site, this particular apartment can be managed as you wish.
You might choose to hold it as an investment, purchase it for a university-going child, or enjoy it yourself as a lock-and-leave one-bedroom plus office. The choice is yours.
The building exterior is receiving a fresh coat of paint, now underway and scheduled for completion by May. The Body Corporate levy includes insurance, hot & cold water, and 24-hour onsite building management, and Council Rates are around $1,177/year.
The owner's change of circumstances makes this an ideal time to invest in this flexible, competitively priced opportunity.
Contact me today to arrange a viewing and/or more information.
