Savvy Investor Special - No Crystal Ball Required
16 Burton Street, Grafton
Sometimes problems are actually your best opportunities.
With the building due to undergo an external renovation, the estimated remedial bill means the owner needs out - THIS MUST BE SOLD - you will want to be at this Auction.
FULL INFO PACK AVAILABLE ON REQUEST
The apartment is 2 bedroom with a car park and storage units. It's north facing aspect offers views of the harbour straight through to North Head. Located down a peaceful private street, with the upscale SKHY apartments going up next door and in the Auckland Boys Grammar Zone, future values have potential to go through the roof. Added to that you have a Freehold title very low body corporate fees and rates.
+ Auckland Boys Grammar Zone
+ Bedrooms: 2
+ Bathrooms: 1
+ Carparks: 1
+ Body Corporate levy: $3,865.98
+ Rates: $1,791.29
The owner requires a prompt sale, as such he is leaving room, huge room for profit after remedial costs.
With the current average sale price in the city of approx 10,000 per m2 and much higher for new builds, try halving that and turn up on auction day.
Once complete, will this be worth more than double? Our guess is YES.
This is a deal you want to act on, you'll be kicking yourself if you don't.