Property listing ID: 459975
It's affordable and nice! This apartment is located on top end of busy Queen Street in Auckland CBD. Look at what you can get - 40m² floor area, double bedroom and living leading to a covered balcony facing the busy Queen St and over looking more than half of the city area and further, open plan kitchen, modern bathroom, laundry â?¦ you might just move in or simply rent it out. Chattels are in excellent working order - blinds, curtains, extractor fan, heated towel rail, fridge/freezer, washing machine, clothe dryer, microwave oven, hob dish drawer, fire distinguisher, smoke detectors, mail box. $330 weekly rent is achieved for same size 1 bedroom apartment in this building, meaning $17,160 per year and $85,800 in 5 years (presuming the rent does not increase in 5 years time). Approximate annual total expenses for owning this LEASEHOLD apartment are: (1) Annual Auckland regional rate $1,164, (2) Ground rent $3,852, (3) Operating expenses (no body corp) $3,186. Total annual rent is $17,160, total annual expenses is $8,202 So your net annual income=total rent-total expenses=$17,160-8202=$8,958. If the above figures sound interesting to you, please feel free to call me to arrange a viewing. IT'S TOO CHEAP TO LAST LONG ON THE MARKET!
Listed by Barfoot & Thompson , James Gao (Howick)