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QUAY WEST "THE FUTURE IS CERTAIN " 

Quay-West

$639,000

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Property Info

This location is unbeatable, rents should skyrocket in this building...

Address

605/8 Albert Street, Auckland

Annual Return

4% Net

**CURRENTLY UNDER CONTRACT**

QUAY WEST "THE FUTURE IS CERTAIN " 

Firstly you need to know that New Zealand's tallest office tower is currently being built across the road on Customs Street. The great thing is you wont have to worry about retaining your water view, as you can still see the ocean and also the new “Commercial Bay” business hub, is a nice distance away. 

Many know the Quay West is the quiet achiever, a stones throw to the ferries, Britomart, shopping left, right and centre and now you have "Commercial Bay!" as your immediate neighbour bringing more potential corporate tenants meaning higher returns, check this website www.commercialbay.co.nz. "a world class commercial space, public transport, international quality retail, public spaces and hospitality environments, as well as striking urban design" 

Quay West has a prominent position in the upper end of the apartment market, the floor plans are spacious, well designed with big covered balconies. This apartment although rentable as it is, could be lightly redecorated and achieve a much higher rent. 

In fact the lower position of this apartment has a lot going for it. The apartment is quiet, street noise is buffered by the building that houses the Quay Wests gym and pool, evacuation is easy, coming in and out is quick and only one level to get to the gym…and of course lower body corporate fees. 

Don't forget the 5 star hotel entrance lobby, the Stamford hotel right next door, and so much more positive development destined for this immediate location. 

The successful purchaser will need to be a landlord for 6 months as the tenant is in occupation until August 2018, maybe a good time to plan, the rental is currently set at $525 per week, current rental value should be $625+ per week week. 

Viewing by appointment.

Agency reference #: Quay West

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