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9G/15 City Road, Auckland Central, Auckland City

9.8941176% Net Return on Asking Price!!!

dollar

Asking Price $59,500

House
House
Bedroom
1
Bathroom
1
Floor area
40m2
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Listing # HPV3745 | Listed on 13 May

This is LEASEHOLD!

We don't want to say 10% and be wrong, but according to our calculations this property is returning right around that number on asking price, and the owner is ready to negotiate!

Here are the numbers:

  • 40sqm approx.
  • 1-bed, 1-bath
  • Ground Rent: $8,056.80/annum
  • Operating Expenses: $5,476.36/annum
  • Auckland Council Rates: $1,381.24/annum
  • Rental Income: $400/week
  • Net Annual Income: $5,887/annum

What do you reckon, do you want to make some cash? Make an offer today

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Rates
Rates: $1,381.24 per annum

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