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Listing Description

Listed: Fri, 3 Nov

Calling all investors!

12G/8 Mount Street, City Centre, Auckland City, Auckland

Asking price $585,000

Details

  •   5 Beds
  •   2 Baths
  •   1 Living area
  •   94m² Floor
AttributeValue
Property type
Apartment
Capital value (CV)
$700,000
Agency reference
RX3852380
Broadband in the area Fibre, ADSL, VDSL, Wireless

Description

Whether you want to add to your portfolio or are looking to start your property investment career, this five-bedroom, two-bathroom property will tick all the boxes on your list, with a guaranteed income currently earning approximately 6.75% net return via a commercial lease with AUT.

In addition, this investment property requires very little admin work from you, as AUT takes care of handling all operational costs associated with the property with a lease until end Jan 2025.

Unit 12G (1207) has a floor area of 94 sqm and with its orientation and floor level, it ensures endless light and great city views as well as catching the beautiful morning and afternoon sun, such characteristics you want to see in a competitive investment property.

There is a nominal 5% property management fee and a long-term maintenance fee.

Please note that the property's advertised price is plus GST if any, and prospective purchasers must be registered for GST. Given the AUT commercial lease, the property cannot be owner-occupied.

Contact me today as this investment apartment is priced to sell.


Open home times

No times scheduled

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Agent's details

Enquire about the property

Proventus Group Ltd t/a Vantage Realty, (Licensed: REAA 2008)

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