Surrounded by multi-million-dollar apartments, the Viaduct, Wynyard Quarter and some of Auckland's most valuable real estate, $109,000 buys you a one-bedroom apartment right in the middle of it all.
Leasehold apartments have been attracting renewed attention from buyers across the Auckland CBD this year, and it's not difficult to understand why. For buyers who understand the model, they can offer an incredibly affordable way to secure property in locations that would otherwise command a significantly higher purchase price.
And this one has another angle worth exploring.
With its central location and proximity to the Viaduct, waterfront, restaurants, events and transport, there is potential for short-stay accommodation and the higher income that can come with it. For the right buyer and operating model, that could make the numbers particularly interesting.*
Alternatively, keep it simple and use it as your own Auckland city base or lock up and leave - at a purchase price that's becoming increasingly difficult to find anywhere near the city.
Residents of Vibe Apartments also enjoy access to facilities including a swimming pool, spa, sauna and gym.
The opportunity:
- One-bedroom Auckland CBD apartment
- Asking just $109,000
- Moments from the Viaduct and Wynyard Quarter
- Surrounded by premium, multi million dollar real estate
- Potential short-stay accommodation/income opportunity*
- Swimming pool, spa, sauna and gym
- An affordable city base, investment or lock-up-and-leave
Yes, it's leasehold - and that's precisely why you can buy into this location at $109,000.
Leasehold remains one of the most misunderstood forms of property ownership in Auckland. If you're curious about how it works, the outgoings and whether the numbers make sense for you, give me a call. I'm more than happy to talk you through it.
Asking Price: $109,000
Contact Dan Horrobin for the full information pack, income information and viewing options.
Disclaimer: Any short-stay use is subject to applicable body corporate rules, management arrangements, council requirements and other relevant restrictions. Buyers should undertake their own due diligence. Any income figures or projections should not be relied upon as guaranteed returns.
