14 Waterloo Quadrant, City Centre
- This location has been autonomously mapped, it may not be exact.
14 Waterloo Quadrant, City Centre
SOLD
$300k Capital Gain On Purchase - Cash Buyers Only
For those that aren't in loop, Connaught has identified the need to carry out an extensive remedial project to get the building back to it's former glory. With costs now locked in and some of the best project managers in the space on the case this is a fantastic opportunity for one savvy investor to snap up the deal of a lifetime for a fraction of it's true market value.
With limited options to secure lending for this purchase, we are encouraging interest from purchasers with cash and/or sufficient equity that they can leverage.
Perched high up on the corner of the 7th floor of the iconic Connaught apartment complex is this spacious 2 bedroom apartment equipped with your own private car park and a large deck from which to watch the world go by.
The Connaught has long been one of Auckland's most in demand apartment complexes. With it's timeless Edwardian façade and coveted eastern inner city location. Living in the CBD does not get any more up market than The Connaught. With your own private securely undercover car park for added convenience.
Tipped to be worth $900k+ upon completion, one lucky buyer will have an opportunity to bank close to $300k of capital gain just by seeing the value proposition at play here. Unfortunately for this vendor the cost associated with this apartment to do so is just out of reach at this time and so selling the unit at a discount rate is the only option. They are truly gutted but their loss can be your gain.
These apartments have been selling pretty consistently in terms of discount when crunching the numbers but with a very realistic vendor, we've been encouraged to invite on all offers in the hope of securing a timely sale.
Give us a call to find out more and let us know where this works for you.
Note: The chattels in the photos may vary from what is being sold, please check the chattels list if this is important to you.
Facts & Features
Title Type
Freehold
Rates
$1188.29
Rental Appraisal
$800-$900 /week
Pets
Allowed with BC Consent
Sidharth Palat
Rory Hunt
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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