57 Mahuhu Crescent, City Centre
- This location has been autonomously mapped, it may not be exact.
57 Mahuhu Crescent, City Centre
SOLD
Easy Living Or Cash Flow Investment
This leasehold AUCKLAND apartment is the perfect opportunity for someone looking to maximize their return on their money, or if looking to have a city lock and leave.
Firstly...location.
Does it get any better than this? A stones throw away from Spark Arena, meaning anyone looking to Airbnb could really greatly increase the yield already being achieved.
Secondly...the numbers.
With body corp increasing in many standard freehold complexes nowadays, there isn't as much difference in outgoings as you may think compared to a normal freehold AUCKLAND apartment in Auckland CBD. And for the price you pay...it would simply be going to the bank anyway instead as a mortgage.
Body Corp & Ground Rent - $12,008 per year, if paid on time.
Rates - $1813.79 per year.
Current rental is $490 per week, which has been the charge for a while now.
So at the asking price here of $149,000, that is almost 8% return net on your spend.
With similar standard 1 bedrooms now renting for $550 per week, you could have this up to 9.9% return in no time too.
With a car park and additional storage, this really is the best of leasehold. Affordable, low ground rent, prime AUCKLAND location.
Get in touch for a private viewing.
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. 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
Leasehold
Rates
$1813.79
Ground Rent
$7471.75
Rental Appraisal
$550-$580 /week
Pets
No Pets
Dan McKillen
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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