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16 Gore Street, City Centre

Hero | 16 Gore Street, City Centre | Apartment Specialists
16 Gore Street, City Centre
  • This location has been autonomously mapped, it may not be exact.
16 Gore Street, City Centre
$249,000
1
1

1/2 Price on the 34th Floor!

Seriously one of the best opportunities available in the market right now.

Building defects have been identified and there is a legal dispute between the owners and Auckland Council over the liability. This unit is part of the litigation and the rights will be assigned to the new owner.

Rulings have gone in favour of the owners for similar cases in Auckland resulting in the council covering the majority of the cost to remediate.

One would assume that this would be no different but there is no certainty which is why the price is severely discounted.

Without building defects we would value this over $500,000 in today's market.

The potential here is next level so if you're a CASH BUYER or have EQUITY get in touch and I'll run you through the numbers.

Note: Some photos used are of a similar unit in the same complex, some furniture may be different. Speak to agent for details.

Facts & Features
Title Type
Freehold
Rates
$1491.31
Body Corp Fees
$3571.6
Rental Appraisal
$400-$430 /week
Estimated Net ROI
6.63%
Known Issues
- Weather Tightness
Pets
No Pets
Jesse Smith | 16 Gore Street, City Centre | Apartment Specialists

Jesse Smith




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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    This location has been autonomously mapped, it may not be exact.

    16 Gore Street, City Centre

    $249,000