SOLD
Auckland
2
1
N/A
80sqm
N/Asqm
Auckland
Auction
Thursday 28th March - 12:30PM
2 LORNE STREET, AUCKLAND CENTRAL
proudly marketed by
Ray White City Apartments MREINZ
DECLARED $99,000 RESERVE
BOOT THE KIDS OUT...DECLARED $99,000 RESERVE This is not a drill, come one come all. Seller's unambiguous decision to sell is no joke. BIG 80sqm two bedroom cash cow with double balconies and DOUBLE CARPARKING complete with one bathroom and STUDY. Did we mention sea views, unbeatable downtown location next to supermarkets, restaurants, cafes Britomart etc etc etc? Beleaguered parents wanting to get rid of entitled kids must inspect. Calling deliciously greedy investors wanting cash cash and more cash, get woke, greed is good. This apartment is seriously under-rented with existing tenant paying only $625 dollars per week for the last five years, they're happy to stay on but then its no great loss if they don't. Current ground rent and OPEX costs of approximately $20k per year means this purchase is still cheaper than paying rent. You could rent out one of the rooms and carparks together for $400 per week and your outgoings are covered. Ask Mum and Dad to put it on the credit card, you won't need to ask them twice. Too good to be true? If you think so then take a pass and let someone else grab this absolute bargain. See you at the open home.
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Upload by Grant Drummond
Auckland Central