81 Halsey St, Auckland City Water Front Viaduct, 1 Bedroom Apartment. 11% Net Return.

81 Halsey St, Auckland City Water Front Viaduct, 1 Bedroom Apartment. 11% Net Return.

Apartment Sold - Auckland City Viaduct

Att: Buy & Hold Investors and Traders. This is the cheapest Lighter Quay I have ever seen. Due to an off shore investor with no mortgage and in trouble, I have picked up a steel for a fast sale.

81 Halsey St, Auckland City Water Front Viaduct, 1 Bedroom Apartment. 11% Net Return.

Price $120,000.

Lighter Quay with its 5 Star facilities is considered the best apartment complex in the viaduct precinct area. With Some of New Zealand’s wealthiest owning apartments in this complex.

Lighter Quay
81 Halsey St,
Auckland City Viaduct

1 Bedroom
1 Barthroom
1 carpark
Top Floor Penthouse Level
Balcony
Government Value $355,000
Last owner paid $340,000. In Feb 2006
Floor Area: 40m2 approximately
Views over the Private Lighter Quay Marina. Drop any thing from the balcony and it will land in the water.
No Leaky Stuff
Perpetual leasehold property. So it never expires, Unlike some Leasehold property.
Very High quality build and fit out.
5 Star facilities, You really have to see the facilities.
Large indoor Pool
Spa
Suna
Gym

Income:
Currant Rent $400 per week – current tenant until April 2012
Rent as is $430 per week.
NET Return with market rent and with the new ground rent in place is 11.5%
Rent With New Furnisher $500-$550 per week (cost to furnish apx $7-9K “High End”)

Outgoings:
Rates $1514
BC $5692 (includes ground rent $2144.23pa)
Total $7206*
*The Ground rent is about to go up 60% so an increase of “$1,286.56”
This will make the total out goings $8,492.56

This apartment is on the Private Lighter Quay Marina side of the building. Some Apartments are on the road side.

Lighter Quay is in Auckland’s newest hot spot Wynyard Quarter, a neighbourhood of Parks, Restaurants and visiting Super Yachts. The new walkway and bridge makes it a hop skip and jump to the Viaduct playground and the CBD.

Lighter Quay with its 5 Star facilities is considered the best apartment complex in the viaduct precinct area. With Some of New Zealand’s wealthiest owning apartments here.