Heritage Hotel, 35 Hobson Street, Auckland City, Character 1 Bed Studio, Apartment 8% Net Return.
Apartment Sold - City Centre Auckland
Heritage Hotel, 35 Hobson Street, Auckland City, Character 1 Bed Studio, Apartment 8% Net Return. $130,500.00
The Heritage Hotel
35 Hobson Street, Auckland
1 Bed Studio, Apartment.
Fully Furnished (but needs a new TV)
No Car Park
Indoor & Outdoor Pools
Great Character Building
External Unit Facing Gorst La.
In the heart of Down Town Auckland City
One Bedroom ( Studio )
No Kitchen (Estimated cost to fit a small kitchen up to $5k)
Rent with a kitchen $350+pw
Low Body Corp (Considering the Facilities) $4,057.54 per annum
Rates $1,088.69 per annum
Total Out goings: $5,146.23
Rent $300-320 per week
Net Income $10,453.74
Net Yield /Return 8%
Rent with a new kitchen $350-370pw
Net Income $13,053.77p/a
Net Yield /Return 9.6% (after spending $5k on a small kitchen)
Popular 32sqm 1 bedroom apartment, with extra high-stud conversion wrapped in history. This is one of the rare units not stuck in the Heritage Hotel pool.
Schools and Universities are close and only few minutes walk to Queen Street.
Early Childhood Education Centre are close-by, many are on Victoria St West and Albert St, 5 minutes away.
This studio apartment is very accommodating and has a touch of class to it with its well-known name and reputation that comes with a centralized location.
The Heritage sits proudly on Hobson Street and is one of Auckland’s “unique character” buildings and is very close to the Viaduct waterfront, Britomart, shops and all of the cities attractions and amenities.
A Smaller Studio apartment in this building has just sold for $150k this year.
- 1 bed
- 1 bath
- Floor Area is 32 m²