Ray White Remuera
Real Estate Agents
- Listing #:
- RMU40927
- Listed:
- 96 days ago
Asking Price $219,000
LEASEHOLD MASSIVE PRICE DROP
1/2/3/31 Simkin Avenue, Saint Johns, Auckland CityResidential House
-
- 7 Bedrooms
-
- 4 Bathrooms
-
- 3 Covered Car Parks
-
- 205m2 Floor Area
-
- 607m2 Land Area
About this property
Realistic vendor requires these units to be sold. 3 units selling for under $220,000 in total is not a misprint.In a prime location in the heart of St Johns, on offer are 3 two bedroom brick and tile 1960's units, each coming with its own carport. Unit 1 has the bonus of a studio with its own bathroom and service area, perfect for extra guests or working from home
These Leasehold units sitting on a 607sqm multi unit site are elevated and have views over to Half Moon Bay. The current vendor recently upgraded both units 1 and 2, leaving Unit 3 ready for a makeover. The vendor has also added a large shed for the new owners use - great storage for keeping garden equipment and bikes.
This is a golden opportunity to add further value by refurbishing where needed. The 21 year perpetual lease is up for its 7 year review in September 2027. The ground rent is $40,000 per annum and the rent the units are currently bringing in is $90,220 per annum allowing for a tidy profit.
Zoned for Stonefields School, Baradene and Selwyn College, these units will appeal to many. Vendors are committed to selling and will consider all reasonable offers.
Call Suzie directly for viewing times on 027 278 3269 - viewing is by appointment only.
Conjuncting Agents Welcome.
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