Ray White Parnell

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Ray White Parnell
City Realty Limited Licensed (REAA 2008)

Real Estate Agents

Ray White Parnell
Ray White Parnell
415 Parnell Road
Auckland 1052
Listing #:
216 days ago

Asking price $85,000

Are you Looking for around 6% yield?

4/267 Remuera Road, Remuera, Auckland
1 Bedroom
1 Bathroom
25m2 Floor Area
About this property
Beat The Bank and Invest Here

Grab this opportunity with both hands, this funky leasehold studio apartment is just seconds from Remuera village. Facing west on the ground floor with lovely garden views in the Courtney Mews. Such a great little bolt-hole!

All your outgoings are inclusive; ground rent, power, water, insurance and ground maintenance and rates at approximately $300 per week.

This apartment has been rented recently for $390 per week.

You do the math!

With annual outgoings at approximately $15,634 per annum and annual income at approximately $20,280 per annum that's a potential yield of 5.8%/pa.

Put the spare cash back into ongoing titivation for the apartment itself!

If you are an owner occupier you can secure your tenancy as the lease is in place up until 2035 and renewed in perpetuity.

Hmmm, imagine the pleasure of freezing your rent or outgoings every 7 years in a premium location.

Call us to view and to put your best offer forward.
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