City Sales
Real Estate Agents
- Listing #:
- L27484299
- Listed:
- 11 days ago
Auction
Wed 15th May 12:30pm
Remedial Investment Opportunity!
610/38 McCrae Way, New Lynn, AucklandApartment
-
- 1 Bedroom
-
- 1 Bathroom
About this property
She's still gorgeous - but like a lot of us who have worked too hard, Merchant Quarter in New Lynn has shown signs of premature ageing and remedial defects have been found.This represents a fantastic opportunity for those who can withstand a rocky road - the complex will be fixed and the end product will be of significant value.
We sell at a discount to help you realise your ROI on the other side.
How much of a discount? You tell me.
Complexities around litigation and remediation schedules make this suitable for investors.
First home buyers - this is not for you.
Apartment 610 is in "MQ2" - the newer of the two towers and is an unusually large one bedroom apartment (approximately 83m2!) with a desirable corner position and large windows in both living and bedroom areas. It's home to an immaculate tenant who would love to stay on (and you'd love to have stay on).
Strategically located in the New Lynn Hub - the CBD of the West. Trains, Buses and taxis are at your doorstep - as is the fabulous Lynn Mall for all your shopping and dining needs.
Thousands of investors have done extremely well buying into troubled buildings at discounted rates, then selling a better quality, finished product on the other side. Over the course of the process, they have benefited from Capital Gains also - some spectacularly so.
Our sellers want no part in the process and instruct immediate sale by auction.
Request your info pack, conduct due diligence and seek independent advice then attend the auction for what is likely to be an absolute steal.
AUCTION 15 May 2024 (unless sold prior). Bidding available in person, by phone or online.
Sat 11th May 12:00pm ~ 12:30pm
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