18 St Martins Lane, Grafton
- This location has been autonomously mapped, it may not be exact.
18 St Martins Lane, Grafton
$649,000
Penthouse Living, 20% Below Original Pricing
Few opportunities offer the chance to buy tomorrow's apartment at yesterday's price. This is one of them.
Positioned on the penthouse level, this spacious two bedroom apartment enjoys panoramic views through floor to ceiling glazing, creating an impressive sense of light, openness, and connection to the city beyond.
Pinnacle Apartments is currently undergoing a comprehensive remediation project, with completion expected in March 2026. Upon completion, the building will receive a brand new Code Compliance Certificate, providing buyers with the confidence of a renewed building backed by a 10 year construction period. Better still, no additional levies are expected, and the apartment comes with a guaranteed rental income of $650 per week until the works are complete.
The opportunity becomes even more compelling when you consider value. Similar apartments sold off the plans in 2016 for around 20% more than the expected sale price today, presenting a rare chance to secure what will effectively be a penthouse apartment in a near new building at a significant discount to its original pricing.
Located on the city fringe in Grafton, you're moments from Auckland Hospital, the motorway network, universities, and the CBD, making this one of Auckland's most consistently sought after locations for both owner occupiers and tenants.
For buyers prepared to look beyond the short term, this is an opportunity to secure exceptional long term value in what will soon feel like an entirely new building.
Enquire today to arrange your private viewing.
Facts & Features
Title Type
Freehold
Rates
$1671.3
Rental Appraisal
$680-$740 /week
Estimated Net ROI
2.31%
Pets
No Pets
Bailey Sauerbier
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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