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INVESTORS - READY! SETTLE! AND GO!

Precinct14

$599,000

1+study

1

0

Property Info

Sparkling renovated apartment with one year tenancy.

Address

6 Lorne Street, Auckland

Annual Return

5%

If you’re a fastidious type of investor, that doesn’t like maintenance or higher risk buildings then you should take a closer look at this property.

This Precinct spacious 47sqm one bedroom plus study (with balcony) has been completely renovated only a year ago. The tenant is so happy he just signed another year at $600 per week.

This building is a high performer and very sort after, with values climbing year after year. 

Precinct is a tenant magnet, and with high occupancy rates, a high percentage is owner occupied keeping the rental numbers lean.  Precinct has only less than half the apartments than in Metropolis, providing a very boutique feel, a recent upgrade to the lobby has taken the heat off for any large capital spends in the future.

As you can see, it’s not your Joe average apartment; it also has a very peaceful atmosphere to it.  Elevated but on a comfortable level. A heat pump is an added attraction as is the privacy glass keeping this secluded apartment a sort after rental.    

The location of Precinct is perfect, if you haven’t walked around this area in a while, you’ll be surprised with the constant street upgrades and new restaurants all around this vibrant part of town and some serious planned retail development across the road.

Auckland University and the ever-changing CBD, you’ll be right there for the next 10 years, invested in a quality apartment.

Annual Body Corporate Levies $3,752.68

Auckland Council Rates $1,575.12

Vendor to negotiate with offers over $600,000.

Viewing by appointment.

Darin  Cobb

Contact Property AgentDarin Cobb

DDI: +64 9 630 9090
MOB: 021 917 688
darin@cobbproperty.co.nz

Any Questions? Drop us a message