Three bedrooms, two bathrooms, two car parks, top floor.
How much would you expect to pay for that combination in downtown Auckland?
Set across two levels on the upper floors of Scene One, this substantial apartment delivers an extraordinary amount of space for what could be a remarkably small financial outlay.
Our Australian-based seller is exiting the New Zealand market and is committed to a sale. If you understand leasehold-or are simply curious about how much space your money could buy-this property demands a closer look.
Along with its elevated harbour outlook, there is immediate income in place. The apartment is currently rented at $840 per week, while the two car parks are separately returning $65 per week each, providing a combined gross income of approximately $50,440 per annum.
The location is equally compelling.
Britomart, Commercial Bay, the waterfront, ferry terminal, restaurants and the CBD are all within easy reach. With the City Rail Link bringing even greater connectivity, you can leave both cars downstairs and enjoy much of Auckland from your doorstep.
The opportunity:
* Top-floor apartment over two levels
* Three bedrooms and two bathrooms
* Two separately rentable car parks
* Elevated harbour outlook
* Current gross income of approximately $50,440 per annum
* OPEX: $3,467.08 per quarter
* Ground rent: $8,241.06 per quarter
* Outstanding downtown waterfront position
* Australian-based owner exiting New Zealand
* Exceptionally low capital entry point
Yes, it's leasehold-and that is precisely where the opportunity lies.
For buyers prioritising space, location and lifestyle over land ownership, this is a chance to secure far more apartment than the same money would typically buy elsewhere.
The seller's position is clear: this property is going to auction to be sold.
AUCTION: 2:00PM, Wednesday 16 September 2026 (unless sold prior) | Wallace Real Estate, Level 2, 167 Victoria Street West, Auckland
Come and see it in person. You may be surprised by just how much apartment your money can buy.
All conjunctional agents are welcome-if you have a buyer, we want to work with you.
Please note: The property is currently tenanted. Some images show the apartment vacant and/or virtually staged. Virtual staging is for illustrative purposes only and is intended to help buyers visualise how the property could look when furnished.
