Properties

139 Quay Street,
City Centre

$245,000

1Bedroom(s)
1Bathroom(s)
84

Here’s your Americas Cup base, an entertainers delight, sunny well-lit balcony and a very short walk from America’s cup village.

Currently used as a short term rental apartment, the property will be sold furnished and with online accounts already set up.

It should be mentioned that we would not just be selling the apartment, but all the online infrastructure along with it. this includes the reputation that it has gained.

Just a bit of history – ’40/20 had a $25,000 renovation in October ’17. The apartment was re-carpeted, painted, new lights (indoor and out) and fitted with all new Ikea furniture and Citta products. We installed a new heat pump, Fisher and Paykel dishwasher and new smart TV. We also added a new custom made kwila outdoor corner bench that can fit 10 people.’

The regular feedback we get from guests is that they choose to book the apartment over others in the area, due to the huge deck and great views of the harbour and city.

Apartment Floor Area: 32m2
Balcony Floor Area: 52m2

Leasehold property
Opex: $ 2393.18 Quarterly = $9572.72 Annually
Ground Rent: $3261.06 Quarterly = $13044.24 Annually
2018 Annual Revenue: $59300.28
Lending restrictions apply

With the America’s Cup fast approaching, the viaduct will be experiencing extreme demand in this area. The revenue figures above will not do it justice. Unofficial rental appraisals estimate a 30% increase in revenue.

Please view the apartment advertisement online for more info.

URL:

https://www.booking.com/hotel/nz/waterfront-studio-apartment-
on-princes-wharf.html?lang=xu

Email john@apartmentspecialists.co.nz

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).


John McCormick


John McCormick



139 Quay Street,
City Centre

$245,000



John McCormick


John McCormick