514/421 Queen Street, City Centre, Auckland City, Auckland

At the time of writing, there are 769 apartments currently listed for sale across Auckland’s CBD and inner suburbs.

Only 18 of those have four bedrooms or more and only one is as competitively priced as this.

Apartments of this size and layout are almost never available at this price point. When they do come up, they are the ones seasoned investors and city buyers move on quickly because they understand how scarce true four-bedroom stock is in the city.

Put simply, this apartment is under rented.

Rent per room appraisals put combined gross rent of these units around the $1,000 per week mark. Once rented at full potential, this apartment is netting 9.1% on the asking price.

With these vendors motivated to sell to release capital for their next project, timing is key. This is the kind of opportunity that rewards action. It is a rare, high-yielding apartment in a proven CBD building and about as close to one of a kind as anything in this segment can be.

Get in touch today to arrange a viewing. Opportunities like this do not come around often.

Note: Some photos used are of a similar unit in the same complex; however, please note that the furniture, outlook, and finishes may vary. For more specific details, please refer to the chattels list.