22 Nelson Street, City Centre
- This location has been autonomously mapped, it may not be exact.
22 Nelson Street, City Centre
SOLD
The Rule of Three
When looking to purchase an apartment as an investment, there are usually 3 things to consider.
Building standard, Location, and income (Both now and potential).
By reading on you'll understand why these studio apartments have been and continue to be some of the most popular investments in all of Auckland.
1. The Building - The Heritage towers is still one of the stand out complexes in Auckland. The hotel themselves are still confident in the complex and continue to occasionally buy more apartments in the building..so you know the complex is one of the more secure you can buy into. The facilities include a restaurant and bar, an indoor lap pool, sauna, and gym. Then also included are the breathtaking rooftop gym and pool with some of the best views of the harbor that money can buy.
2. Location - One of the areas of Auckland that is expected to have significant growth over the next number of years. Positioned at 22 Nelson Street within a 2 minute walk to the Waterfront in one direction, or a 2 minute walk to Victoria Park in the other. With Billions getting pumped into the immediate vicinity it means values here are only going one way.
3. The income - Currently renting at $390 per week, this apartment can be taken over with a secure tenant in place, paying straight away. The real secret here though is this...Tourists coming back...and you're allowed to Airbnb in the complex. While you can find these advertised on airbnb for $120+ per night, that's nothing compared to what you'll likely get in about 12 to 18 months from now. Now's your chance to grab this before that happens and an additional $50k+ is added onto the price.
This vendor has other plans that have meant he would like to free up some cash. So while they know this will be a gold mine in a year, as it's been for them before, they regrettably need to let this much loved income machine go.
Get in touch for a private viewing.
Facts & Features
Title Type
Freehold
Rates
$1205.82
Rental Appraisal
$390-$420 /week
Estimated Net ROI
4.57%
Pets
No Pets
Chris Donnelly
Matt Kearns
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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