Cash Buyer - Investment On Steroids!

8 Scotia Place, Auckland Central

Bedrooms 1
Bathrooms 1

By Negotiation

ID #10440

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  • 4746 10440 1

Description

At 8 Scotia Place there is upcoming remedial work in set to commence in 2018. This has been cost and a full information pack can be sent on request via email.

This freehold apartment has a large terrace and garden which will be added to the unit title during the remedial works - massive value add here as the remedial levy allocation has not taken this addition into account.

Located down a private street overlooking green and leafy Myers Park, with a park view and a development on each side of the road, future values are going to go through the roof. Added to that you have very low body corporate fees and rates and a Freehold title. This little stunner is peaceful and private but minutes to transport, Universities, amenities and the CBD. The current tenants love the apartment, look after it and its contents like their own.

+ 30m2 1 bedroom
+ Body Corporate levy $2,657
+ Rates $1,084.43

With the current average sale price in the city of over 10,000 per m2 and new developments heading toward and past $15,000 per m2, try this at $4,500 per m2.

Borrow the lot against existing security and almost triple your money with an approximate12%+ Nett return at purchase and at least 7% Nett after remedial levy paid and works complete. Better yet pay cash.

One of the best opportunities on the market.

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