Affordable CBD Investment Opportunity with Strong Rental Potential
Positioned on the fourth floor of Metro City Apartments in Auckland's university precinct, Apartment 4C presents a compelling opportunity for investors seeking a low entry point into the CBD market.
This 28sqm studio apartment is currently vacant and ready for refurbishment. With floor coverings removed and the interior prepared for improvement, purchasers have the opportunity to add value through cosmetic upgrades. The existing kitchen and bathroom provide a practical foundation, while built-in storage and a private balcony with an urban outlook enhance the appeal.
Located within easy walking distance of AUT, the University of Auckland, Queen Street, Aotea Square and major public transport links, the property is well positioned to attract tenants seeking convenient city living.
Once suitably refurbished and compliant for residential tenancy, the apartment has a current rental appraisal of $350 to $380 per week, offering attractive income potential relative to the entry-level price point.
Purchasers should note that Metro City has known building issues. The Body Corporate has approved a roof and partial Level 13 remediation project, with a special levy approved to fund the works. The building is currently insured on an indemnity-value basis. As such, this opportunity is best suited to experienced investors or cash buyers who are comfortable undertaking detailed due diligence and assessing both the risks and potential rewards.
Property Features
•28sqm studio apartment
•Private balcony with urban outlook
•Vacant and ready for refurbishment
•Rental appraisal of $350 to $380 per week once refurbished and compliant
•Prime Auckland University precinct location
•Walking distance to AUT, University of Auckland, Queen Street and public transport
•Exceptional low-entry CBD investment opportunity
Please note: Prospective purchasers are strongly encouraged to review all Body Corporate, remediation, levy and insurance documentation as part of their due diligence process.
