Ray White Auckland Central - City Realty Ltd Licensed (REAA 2008
Real Estate Agents
Ray White Auckland Central - City Realty Ltd Licensed (REAA 2008
246 Queen Street
Auckland Central
Auckland 1010
Auckland Central
Auckland 1010
- Listing #:
- CTA43655
- Listed:
- 16 days ago
Auction (unless sold prior)
Thu 23rd May 12:30pm
Cash Palace
3 Abraham Place, Saint Johns, AucklandResidential Unit
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- 8 Bedrooms
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- 4 Bathrooms
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- 4 Car Garages
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- 223m2 Floor Area
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- 913m2 Land Area
About this property
This opportunity exists for those that know how to add value. Consisting of four 55sqm two bedroom flats, number 3 Abraham Place, St John's, is a solid "bricks and mortar" time tested investment. With one flat currently our "show room" and vacant, three others generate $1580 per week with long term tenants AND all four flats have their own undercover carports.Centrally located in close proximity to Lunn Ave, Meadowbank & Remuera Village, Stonefields School and Selwyn College. Set on 913sm of flat section there's plenty of room for those with a young family.
Recognize a chance to educate an ambitious youngster with their first property investment or are you looking to boost your own income with exceptional cash flow? Got a few ideas on how to add value with a paint brush? If you know how to perform some cosmetic improvements then all the better.
Tidy but dated you must inspect this sturdy block of 4 x Two Bedroom Units, three have stable tenancies currently under management and the fourth flat has only recently become vacant. Fully tenanted, the entire property has been reliably returning well over $100,000 PA...year in and year out.
Leasehold Title and potential double digit net returns for an eagle eyed investor, there's no point in publishing the council's property valuation because as far as our seller's are concerned it's irrelevant. Detailed information available upon request.
Experienced long-term Investors or absolute beginners should investigate. Based on genuine conversations we've had with our U.K. based sellers, their expectations are realistic, they are NOT testing the market, their intention is to EXIT the market.
Sat 18th May 11:15am ~ 12:00pm
Sun 19th May 11:15am ~ 12:00pm
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