Immediate Cash Flow – Professional Tenant in Place – Prime OKLA Complex
Skip the marketing uncertainty and step straight into a high-performing asset. This designer apartment in the prestigious O.K.L.A. development is already tenanted at $610 per week, offering a solid 3.83% Net Yield or even higher (after management, rates, and body corp).
With a vendor committed to selling, this is a "plug-and-play" addition to your portfolio in a location that guarantees near-zero vacancy.
The Investment Fundamentals:
- Proven Returns: Currently returning $31,720 gross per annum.
- Net Yield: A transparent 3.83% net return (calculated at $600k asking price).
- Low Maintenance: Modern construction by Haydn & Rollett means no looming renovation costs or healthy homes compliance worries.
- High Occupancy Zone: Located within walking distance to Massey University, Albany Busway, and major retail hubs, ensuring a constant stream of high-quality professional and student tenants.
The Property: Unit 312/3
Designed by Ignite Architects, this 59m² + 9m² balcony apartment is the gold standard for inner-city Albany living.
- Flexible Layout: One spacious bedroom + a study large enough to function as a second bedroom, maximizing rental appeal.
- Modern Specs: Double-height lobby, floor-to-ceiling windows for natural light, and high-end finishes throughout.
- Parking Solutions: Convenient options available via on-site rental or the adjacent Wilson parking.
Location: The Engine Room of the North Shore
Investors know that location drives capital growth. This property sits in the heart of Albany’s retail and education hub:
- Transport: 5-minute walk to the Albany Busway Station.
- Education: Zoned for Pinehurst and Kristin; walking distance to Massey University.
- Retail: Mere minutes from Westfield Albany, Asian supermarkets, and QBE Stadium.
The vendor's instructions are clear: SELL. Secure a modern, high-yielding asset in Auckland’s most convenient growth hub today.
