With the uncertainty of the August 2011 introduction of Ground Rent on the Quay Street to Beach Road Ngati Whatua leasehold land (Scene 1, 2 and 3, Stadium, Docks, Cuba, Hudson Brown, Grand Central, Landings, Parnell Terraces, Dovedale, Cotesmore Way, Mirage, 8 Quay), leasehold values are sliding.
Viaduct and Princes Wharf suites are also being affected by association.
This has created a TEMPORARY but compelling opportunity in the leasehold market for a new market of young professionals wanting to enter the Auckland residential market.
We’re saying buy leasehold now while it is unbelievably affordable.
Move in a flat mate to pay the ground rent while you pay off the apartment
And enjoy ‘big sexy’ living in Auckland’s prime locations for a few years while earning the equity to enter the Auckland housing market.
This opportunity won’t last long
Watch our ‘why leasehold?’ video to find out more and then ring us directly on 3030-601, where we can explain this opportunity further.
And if you are seeking to exit your leasehold apartment expect a call from City Sales shortly, or, better still click through to this month’s market comment, We have ads on George FM, The Edge, ZB and 91 ZM (check them out in our media archive!) and are the experts in handling this complex opportunity.
