sold
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1 of 14
Sold Property
m2
This is a great opportunity for any investor looking for some great returns.
This cozy 44sqm one bedroom apartment at Hudson Brown provides a warm & sunny aspect, good natural light, generous open plan kitchen/dining & living area, one bathroom and one secure underground car park.
Rental Appraisal: $600-650/week
Current Tenancy Fixed till 28/12/2022: $490/week
Gross Annual Rent: $25,480
Body Corporate Levy + Ground Rent = $10,401.88 (including 10% prompt payment discount)
Rates: $1,537.82
Total: $11,939.70 p.a.
Total Expenses $229.61pw
Net Rent: $13,540.30 p.a.
ROI Current @ $120,000: 11.3% Net
ROI @ $600/week and $120,000: 16% Net
A short stroll to the Britomart train station, cafes, restaurants, Queen St, downtown Ferry Building and Spark Arena right at your doorstep.
Why buy Leasehold? Lease hold properties are significantly cheaper to purchase than buying a freehold equivalent, you own the building but not the land. You are still free to make interior improvements to the apartment.
Get in touch if you would like more information
Property ID: #MAE8359
Office
Licensed under REAA 2008
m2
Sold Property
This is a great opportunity for any investor looking for some great returns.
This cozy 44sqm one bedroom apartment at Hudson Brown provides a warm & sunny aspect, good natural light, generous open plan kitchen/dining & living area, one bathroom and one secure underground car park.
Rental Appraisal: $600-650/week
Current Tenancy Fixed till 28/12/2022: $490/week
Gross Annual Rent: $25,480
Body Corporate Levy + Ground Rent = $10,401.88 (including 10% prompt payment discount)
Rates: $1,537.82
Total: $11,939.70 p.a.
Total Expenses $229.61pw
Net Rent: $13,540.30 p.a.
ROI Current @ $120,000: 11.3% Net
ROI @ $600/week and $120,000: 16% Net
A short stroll to the Britomart train station, cafes, restaurants, Queen St, downtown Ferry Building and Spark Arena right at your doorstep.
Why buy Leasehold? Lease hold properties are significantly cheaper to purchase than buying a freehold equivalent, you own the building but not the land. You are still free to make interior improvements to the apartment.
Get in touch if you would like more information
Property ID: #MAE8359
Office Harcourts Mt Albert Licensed under REAA 2008
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
1211/1 Hobson Street, Auckland Central, Auckland 1010
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