147 Hobson Street, City Centre
- This location has been autonomously mapped, it may not be exact.
147 Hobson Street, City Centre
SOLD
8.1% Net Return On Asking
Looking for a solid investment opportunity? Look no further than Harvard, Auckland's well-known cash cow for any property investor at 2O/147 Hobson Street.
With the banks struggling to stay competitive with inflation and current high yielding savings accounts offering 5% or less per annum, your money is simply not being put to work for you the way it could be in traditional investment vehicles.
This unit returns over 8% on asking price after outgoings when factoring in the current market rent. This works out as an additional 40% more on return on your investment each year! And the good news doesn't stop there. Once the inflation genie has been put back in its bottle, you can expect a proven capital gain of 20% in the coming years.
Harvard is a no-brainer purchase right now. It's a staple in the portfolio of any Auckland property investor, with 2 bedrooms that maximize rent capitalisation and a smaller footprint that makes it an attractive price. On top of that we have seen the equivalent of 4.5 years of annual rent price inflation in the first 5 months of this year. Apartments are literally renting for >20% more now than Nov/Dec last year.
It's literally a countdown until prices realign to reflect this rental demand disparity but until then, these rental rockets are like gold dust.
Don't miss out on this opportunity! Call today to lock in your viewing as the vendor is set on selling and has instructed all offers be brought forward. This will not be on the market for long.
Come & see 2O/147 Hobson Street!
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
$1048.09
Rental Appraisal
$470-$500 /week
Pets
No Pets
DeMaio Vilela
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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