16/139 Quay Street, City Centre, Auckland City, Auckland

Spacious and on the corner with double decks, this oversized one bedroom apartment was refreshed with a new paint, carpet and furniture package in 2019 and was set up nicely as an Airbnb rental.

Since then the owners have used the apartment themselves as a bolt hole when they come to Auckland and it is now tenanted.

Completely open plan with floor to ceiling glass that open up to two balconies, and sold fully furnished *although furniture may vary slightly from what is in the photos.

Because it is not considered a waterfront apartment, it does not carry the high outgoings like the waterfront apartments do, however it is on the far end (corner) of Shed 20 and so has a peek of the sea across to the West side.

These apartments are popular as Auckland bolt holes and Airbnb rentals and this one is sold fully furnished.

The lease expires in 2095 so there's plenty of life left in this one!

Annual Outgoings:

• Ground rent: $12,360.52
• OPEX: $9,735.12 plus GST
• Rates: $4,342.34

*Note the rates are commercial (Airbnb) rates and the owner has just applied to the council to have the rates reduced to residential (approx $2k per year).

Unlike other leasehold structures, the ground rent is increased annually by 3 percent or CPI, whichever is the greater so you have certainty on your numbers here.

Get in quick and arrange a private viewing!