2 Dockside Lane,
Low outlay investments do not get more cashflow positive – and if you read on, I’ll show you why these are one of the best, if not THE BEST, income investments in Auckland.
Let’s start with the pros – we’ve got a space efficient studio apartment with a patio and a car park – so your outgoings and contributions are MINIMAL!
Now the location is unbelievable, right next to Britomart, and minutes walk from the Viaduct and Queen Street – so the rents you can achieve are through the roof – up to $520 furnished!
Now let’s look at what matters – the numbers.
Start with achievable rent – now we’ve been told by the experts $520 pw is achievable
$520 x 52 = $27,040
$3,600 (BC Levy) $5,000 (TBC) $1,130 (Rates)
Total Outgoings = $9,730 = NET INCOME = $17,310
MORE THAN 8% NET AT LIST PRICE
Unit Entitlement = 0.00270 so remedial levies will be very minimal. Likely less than $20,000.
If it’s high, sustainable returns for low outlay you’re after – I invite you to find something JUICIER than this.
Call me QUICKLY for more info, this will not sit around for long.
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).