34 Kingston St, Auckland City, 2 Bedroom, 40m2, Freehold Apartment. 10% Net Return.

34 Kingston St, Auckland City, 2 Bedroom, 40m2, Freehold Apartment. 10% Net Return.

Apartment Sold - City centre Auckland

34 Kingston St, Auckland City, 2 Bedroom, 40m2, Freehold Apartment. 10% Net Return.

Price $147,000.00

Altitude Building
34 Kingston Street
City Centre
Auckland City

2 bedroom, 1 bathroom
Auckland City Apartment
40m2 on the 1st floor (not the ground floor)
Freehold.
No Leaky Problems
Balcony with a crap view.
No Car-park
Last owner paid $199,000.00 in Aug 2005.
Essential furniture included. (No TV)
Great position on the cr of Kingston and Hobson St.
A minutes walk to Queen st, Viaduct and Sky City.

Under Rented to family at $260p/w. (Sold Vacant, Settlement in 5 weeks) It is very eazy to rent these units.
Rental Appraisal $350pw as is. Net Return 9.6%

or $370+p/w with a big screen TV.
making the Net Return after outgoings: 10.4% NET

Outgoings:
Rates: $1,156.38p/a
Body Corp fees $2,787.30p/a
Total outgoings $3,943.68. p/a