421 Queen Street, City Centre
- This location has been autonomously mapped, it may not be exact.
421 Queen Street, City Centre
By negotiation
4 Bed Powerhouse -- 8% Net ROI
At the time of writing this advert there are 576 apartments listed in Auckland CBD... 10 of these are 4 beds or over.
That's less than 2% of what's out there.
While 4 bedroom apartments anywhere close to this price point are incredibly rare to find, when you do you might have just found that pot of gold on the other end of the rainbow.
2023 saw New Zealand welcome a net positive 130,000 new migrants to our shores. That's 130,000 heads looking for a pillow and the bulk of this in-flow came straight into... you guessed it... Auckland!
This past year has seen rents soar past pre-Covid levels while higher interest rates are holding back prices from moving up with them to find their natural equilibrium.
With some studio apartments currently renting at >$500pw, it's extremely possible to be looking at net ROI of >8% on the asking price here.
This is all before factoring in the scarcity play of owning anything there's only 2% of.
With vendors set on selling to fund a new project, time is a key factor here. Some lucky investor is going to swoop in just before things take off and land one of the best performing apartments in their portfolio.
Get in touch today for your viewing. I'd move quick if I were you
Note: The chattels in the photos may vary from what is being sold, please check the chattels list if this is important to you.
Facts & Features
Title Type
Freehold
Rates
$1542.39
Pets
Allowed with BC Consent
Lai Nguyen
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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