City Sales
Real Estate Agents
- Listing #:
- L11157385
- Listed:
- 22 days ago
Auction
Wed 12th Jun 12:30pm
Defect Based Discount - Merchant Quarter
507/20 McCrae Way, New Lynn, Waitakere CityApartment
-
- 2 Bedrooms
-
- 1 Bathroom
-
- 1 Car Garage
About this property
Auction date has been delayed due to access issues - now to be sold at auction on 12 June 2024 (unless sold prior).Popular with owner occupiers and tenants thanks to a brilliant location, right over the New Lynn transport hub - Merchant Quarter is a real diamond.
Unfortunately remedial defects have been found - and so we need to polish this diamond to make it shine again.
Over the coming years, litigation and remediation will ensue as the required polish is applied.
Our sellers do not with to participate and so sell at a discount for an investor to come in and take over.
Apartment 507 is a 2 bedroom apartment with a car park on a separate title. It features an outdoor patio area and is home to a tidy family who would love to stay on as tenant.
You'll be a cash buyer or multi property owner and ready to buy at a significantly discounted sale price so that you can sell something of polished value on the other side.
We've seen thousands of investors make huge profits from investing in buildings with defects.
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.
Realise the future values once the complex is fixed up and the property market has moved on.
Call Scott today for an info pack.
AUCTION 12 June 2024 (unless sold prior). Bidding available in person, by phone or online.
Sat 25th May 12:30pm ~ 1:00pm
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