74 Albert Street, City Centre
- This location has been autonomously mapped, it may not be exact.
74 Albert Street, City Centre
$495,000
Large CBD Living at a Fraction of Replacement Cost
Positioned within Barclay Suites, this spacious two bedroom, two bathroom apartment represents one of the better value large-format opportunities currently available in the Auckland CBD.
Apartments of this scale remain increasingly difficult to replace at today’s pricing levels, offering generous proportions, excellent functionality, and the flexibility that both owner-occupiers and tenants continue to prioritise.
Constructed to a commercial standard with precast concrete, Barclay Suites has long been recognised for its durability, security, and low-maintenance ownership profile. With the former hotel operation now having ceased, the building is entering a significant transition period, with a large number of apartments changing hands as some long-term owners reassess their holding strategies.
What this means for buyers is twofold. Firstly, there is an unusually rare opportunity to secure apartments at pricing levels that many would argue sit well below their longer-term replacement and intrinsic value. Secondly, the changing ownership profile is expected to gradually shift the complex toward a more owner-occupier-focused environment, marking a new chapter for the building moving forward.
The location continues to underpin the long-term appeal. Positioned on lower Albert Street, you are moments from the Viaduct Harbour, Commercial Bay, ferry terminals, and major transport links, placing you in one of the CBD’s most connected and desirable precincts.
For buyers seeking scale, proven construction, and the chance to buy into a blue-chip CBD location during a period of market dislocation, this is an opportunity with genuine upside.
Note: The chattels in the photos may vary from what is being sold; please refer to the chattels list if this is important to you.
Note: The 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
$3835.36
Rental Appraisal
$650-$690 /week
Estimated Net ROI
4.53%
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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