10 Hobson Street, City Centre
- This location has been autonomously mapped, it may not be exact.
10 Hobson Street, City Centre
$519,000
Freehold, Downtown Precinct, With a Car Park!
In the Auckland apartment market, we usually accept a hard rule: if you want to be right on the edge of the Viaduct, you have to buy Leasehold. If you want Freehold, you generally have to move further up the hill. 10 Hobson Street is the rare exception that breaks this rule, offering a strategic acquisition that compromises on nothing.
This is a property defined by solid fundamentals. Situated in a boutique block of just 33 units, this building offers a level of privacy that the high-density towers simply cannot match. Originally built in the 1960s and converted in 1995, it possesses the solid, concrete integrity of its era—meaning it is quiet, robust, and built to last.
The 52-square-metre floor plan is a critical asset. It sits comfortably within standard bank lending criteria, making it a liquid asset for future resale. The layout is purely functional; there are no wasted corridors here, just usable living space designed for a pragmatic city lifestyle.
But the true value lies in the "trifecta" rarely found at this price point:
Location: You are seconds from the Viaduct and Commercial Bay.
Tenure: It is a Freehold Unit Title, protecting your capital in a precinct dominated by leasehold structures.
Parking: It includes a secure car park—an asset that is becoming extinct in the downtown area.
This is a home for the buyer who understands value. It offers the lifestyle of the waterfront with the security of land ownership. I invite you to call me for a private viewing to see how this robust property stacks up against the rest of the market.
Facts & Features
Title Type
Freehold
Rates
$1733.85
Rental Appraisal
$600-$640 /week
Estimated Net ROI
4.74%
Pets
No Pets
Finn Sparrow
Alastair Kain
Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).
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