421 Queen Street, City Centre
- This location has been autonomously mapped, it may not be exact.
421 Queen Street, City Centre
$419,000
>9% NET return on asking price
At the time of writing, there are 769 apartments currently listed for sale across Auckland’s CBD and inner suburbs.
Only 18 of those have four bedrooms or more and only one is as competitively priced as this.
Apartments of this size and layout are almost never available at this price point. When they do come up, they are the ones seasoned investors and city buyers move on quickly because they understand how scarce true four-bedroom stock is in the city.
Put simply, this apartment is under rented.
Rent per room appraisals put combined gross rent of these units around the $1,000 per week mark. Once rented at full potential, this apartment is netting 9.1% on the asking price.
With these vendors motivated to sell to release capital for their next project, timing is key. This is the kind of opportunity that rewards action. It is a rare, high-yielding apartment in a proven CBD building and about as close to one of a kind as anything in this segment can be.
Get in touch today to arrange a viewing. Opportunities like this do not come around often.
Note: Some photos used are of a similar unit in the same complex; however, please note that the furniture, outlook, and finishes may vary. For more specific details, please refer to the chattels list.
Facts & Features
Title Type
Freehold
Rates
$1733.85
Rental Appraisal
$230-$280 /week
Estimated Net ROI
0.57%
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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