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12i/15 City Road, Auckland Central, Auckland City

City Views from the Top Floor

dollar

$80,000

Apartment
Apartment
Bedroom
1
Bathroom
1
Floor area
40m2
Title type
Leasehold
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Property details

Listing # 921975 | Listed on 29 October

First time on the market in 20+ years this top floor, West facing apartment has city and open spaces views, together with long afternoon sun to maximise warmth. All in a secure access apartment block giving you a sense of contentment within the core of Auckland city.

Located in the Meyers Park historic area, 2 doors from the Mercure Hotel and next to a terrace of historic retail shops. You are surrounded by restaurants of every flavour, local supermarkets, bus routes and it is a 10 minute walk to the new Karangahape Train Station (under construction) that is about to swiftly link you to Mt Eden, Newmarket and other parts of the Central City.

A short walk to University of Auckland, AUT and many other tertiary institutions, you are also in zone for Auckland Grammar and Auckland Girls Grammar.

The apartment is a 1 bedroom, 40m2 floor plan with your own balcony.

Currently rented for $400 per week and built on Leasehold Land, your current expenses are Ground Lease $8,416.48 pa, Operating Expenses $5,189.36 and Auckland Council Rates of $1,404.75. At the current rent your return on investment at the asking price is 7.2%

This home is cheaper than paying rent.

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