Exceptional cash flow, low holding costs, and a bank friendly size combine to create one of the most compelling investment opportunities currently available.

This rare three bedroom apartment offers flexibility that few city apartments can match. Whether rented as a traditional tenancy or on a room by room basis, the layout is perfectly suited to students, hospitality workers, casino employees, and city professionals seeking affordable accommodation in the heart of the CBD. A private balcony, rarely found within the complex, further enhances its appeal.

Based on the lower end of the current rental appraisal, after allowing for body corporate fees, rates, and two weeks' vacancy per year, the apartment is projected to deliver an outstanding 8.3% net return. Opportunities offering this level of cash flow from a bank friendly apartment are exceptionally difficult to find.

The building is equally attractive from an ownership perspective, boasting a proactive body corporate, healthy long term maintenance funds, and low ongoing body corporate fees. Together, they help maximise returns while providing confidence that the building is being responsibly managed.

Located just moments from SkyCity, the New Zealand International Convention Centre, universities, and Auckland's largest employment precincts, the apartment is ideally positioned to benefit from strong and diverse tenant demand for years to come.

The vendor has made the decision to sell and is committed to meeting the market. For investors looking for a genuine cash generating asset rather than a speculative play, this represents an opportunity that is hard to ignore.

Enquire today to arrange your private viewing.

Note: Some photos used are of a similar unit in the same complex; however, please note that the furniture, outlook, and finishes may vary. For more specific details, please refer to the chattels list.