Positioned in the popular Princeton Apartments, this affordable freehold 2 bedroom investment offers strong income potential with the ability to maximise returns.
The apartment can be purchased free from any long term management lease, allowing you to rent privately and retain full control over tenant selection and rental returns.
Located directly opposite the university precinct on Symonds Street, Princeton benefits from consistent tenant demand from students and city based professionals seeking affordable accommodation close to campus, Auckland Hospital and the CBD.
Investment Snapshot:
- Freehold 2-bedroom apartment in a high demand location
- Flexibility to rent room by room
- Rental appraisal: $460 - $480 per week
- Estimated gross yield at $169,000 approx. 14.1% - 15.0%
- Ability to rent privately and optimise returns
- Affordable entry level investment in a high demand freehold location
Why Investors Love Princeton:
- Consistent demand from students and young professionals
- Walk to University of Auckland, AUT, hospital and CBD amenities
- Excellent access to public transport and motorway links
- Proven rental history in a popular investor building
Key Points to Consider:
Apartment 10F combines 2 bedroom flexibility with strong rental demand, creating an attractive opportunity for investors seeking cashflow focused, Auckland CBD property at an affordable price point.
Opportunities offering this level of yield in a central location are increasingly hard to find.
Enquire for further information. Competitively priced to attract strong interest. If you own in Princeton or a similar Auckland CBD building and would like insight on current buyer demand, feel free to reach out - always happy to share what we're seeing on the ground. All agents welcome for conjunctional sales.
Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.
