Better than the bank! Estimated 9.5% Gross ROI


5F/208 Hobson Street, Auckland Central

Asking Price NZD $365,000

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Better than the bank! Estimated 9.5% Gross ROI | 5F/208 Hobson Street, Auckland Central | 1656550 |      X Close
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Better than the bank! Estimated 9.5% Gross ROI


CALL TO ARRANGE A PRIVATE VIEWING!

This FREEHOLD, 3-bedroom, 1-bathroom apartment is located right close to the university district. No car-park no worries, walkable to Queen Street, K Road, Victoria Park, and Ponsonby, it offers the ultimate in convenience. This corner unit features a balcony wrapping around two sides.

The property has been freshly painted with new carpets and complete with a heat pump. Tucked away within the building, it offers a quiet retreat off Hobson Street. Our owner purchased this for his son to attend university, and it is now surplus to requirements.

This fabulous entry-level price offers a great opportunity to own a home in the CBD. Could it be your perfect first home, University accommodation or an investment rocket?

Beat the immigration boomβ€”this apartment is ready to move into right away. This a well run building, Call for viewing times.

CV: $400,000 (2021)

Rates: $1,474.95

Annual Body corporate: $6,663.90 includes building insurance

Rental Appraisal: $650-$765 per week

Size: 49sqm (sourced off Property guru)

*Please note some of the photos have been digitally staged

*Gross return based on the medium rental appraisal of $707.50 p/w. With an estimated net return of 7.4%