This apartment at 6 St Martins Lane is a two bedroom apartment built for the investor who wants income, not involvement, and it comes with the one thing most apartments in this pocket don't: its own car park. Fully furnished and earning from day one, with nothing to buy, stage or fix before it starts paying.

Nesuto professionally manage the complex, handling the letting, guests, utilities and upkeep. The rent arrives monthly whether the apartment is occupied or not, with the operator carrying the vacancy risk. It's a genuine set and forget position: no tenants to chase, no maintenance calls and no vacancy gaps to cover.

On the thirteenth floor, it sits well above the street with the light and outlook that come with height. The car park is a scarce, tightly held asset in Grafton, widening your future buyer pool and holding value in its own right.

The lease runs to 2029 with a further ten year renewal provided for. Once the lease ultimately ends, the apartment's value will realign with the wider residential market, where comparable sized apartments with car parks are presently selling for close to double the current asking price. Think of it like a KiwiSaver fund: income along the way, with the potential for a significant capital uplift at the end. When that upside is considered against the holding period, the effective annual return becomes considerably more compelling than the income yield alone.

Grafton holds its value quietly, walking distance to Auckland City Hospital, the University and the city centre.

Set and forget income today, with substantial potential upside over the longer term. Offered by negotiation. Enquire today for the full information pack and lease summary.

Note: The 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.