2 Dockside Lane, City Centre
- This location has been autonomously mapped, it may not be exact.
2 Dockside Lane, City Centre
SOLD
Superior Cash Flow - 8% NET
Despite a few manageable shortcomings the Docks Apartments contains some of the best money earners Auckland City has to offer.
We're talking some high yields for some of the most minimal outlay you will find.
Here we have a 37m2 - 1 bedroom apartment with a car park only 350m from Britomart!
These units are so cost efficient we've had buyers pick them up purely for the car park!
With achievable rents at $450 per week and total outgoings including ground under $10,000 - you can see an 8% NET on in the first year - 8.5% in the second year - 10% by year 5 (assuming a historical 4% increase to rents every year).
If you were to implement Airbnb it would be a whole other story!
Get in quick - this won't be here for long!
Email: [email protected]
Facts & Features
Title Type
Leasehold
Rates
$1342.66
Ground Rent
$5530.87
Pets
No Pets
Chris Turnbull
John McCormick
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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