A City Base with Huge Investment Potential and Demand
Looking for an Auckland city base that can also work as an investment?
This furnished one bedroom apartment at Lighter Quay Stratis offers the flexibility to enjoy a premium Wynyard Quarter waterfront location yourself, while also providing genuine income potential.
For investors, an independent long-term rental appraisal indicates approximately $680 per week, equating to $35,360 gross rental income per annum.
After deducting current fixed property outgoings of $15,960.24 per annum, the indicative income is approximately:
$19,400 p.a. net after fixed property outgoings*
Equivalent to approximately $373 per week*
Current fixed property outgoings comprise ground rent of $6,184.28, body corporate levies of $7,940.12 and council rates of $1,835.84 per annum.
There is flexibility too. An independent short stay appraisal shows potential gross income of up to $80,000 per annum, offering another option for buyers who may want to use the apartment themselves while exploring short stay accommodation at other times.
Why Take a Closer Look?
Furnished and turnkey, this is an easy proposition whether you're looking for a straightforward rental investment, a Auckland city base, or potentially a combination of the two.
The ground rent has also just been set and reduced by 15%.
Use it. Rent it. Or find the balance between both.
Contact Dan or Rodney at Wallace Real Estate for further information, copies of the independent rental appraisals, or to arrange a viewing.
*Indicative long-term net figure assumes the property is self-managed and is based on the independent long-term rental appraisal of approximately $680 per week, less current ground rent, body corporate levies and council rates. It excludes insurance, maintenance, vacancy, finance costs, tax and other owner-specific expenses. Figures are indicative only and actual returns may vary. Purchasers should undertake their own due diligence and seek independent financial, legal and accounting advice before making any investment decision.
