Mount St, Freehold Auckland City, 12% Net Return. Price $78,800.

Mount St, Freehold Auckland City, 12% Net Return. Price $78,800.

House Sold - City Centre Auckland

ATT: Buy & Hold Investors and Parents with Kids going to Uni any time soon.

Mount St, Freehold Auckland City, 12% Net Return. Price $78,800. (Agents please remember to ad your fee)

50% Pre-Approved Finance is available. *Conditions Apply

Net Yield/Return 12%+ in your hand after outgoings.

No the price is not a misprint. $78,800.00
Yes it is freehold And No this is not a leaky building.
No it is not locked in to a hotel lease, So yes your kids can live in it when at Uni or any time you want. No it is not just students that rent these little units, but budget conscious working adults also stay in these units. These are some of the cheapest rentals available in Auckland, so very sort after.

This is by far the cheapest (to Rent or Buy) freehold residential property I have ever seen any where in Auckland City. These units dont come up very often as the owners tend to like them and never sell.

33 Mount St
City Centre
Auckland City

1 Bedroom
Hotel style kitchenette (Legally call a “Tea & Coffee Area”)
2 Shared bathrooms (male & female)
Auckland City
Approximately 9m2
Freehold, Good Quality Building
No Balcony
No Car-park
Ok view
Loads of sun light
Fully Furnished (Just bring your suitcase)
This apartment is in excellent condition
Fully Renovated to a High Spec

Great position on Mount St, Between Wakefield and Symonds St.
A minute’s walk to Queen St and the Auckland University.

Rent is only $240 per week including Power and Water making these units some of the cheapest rentals available in Auckland. And Apartments are very easy rented in this area. (Rent includes Power & Water – this is paid for in the BC fees)

Out Goings:
Rates $750p/a
Body Corp fees $1485p/a
(High Body Corp fees because it includes Power & Water)
Cleaning of the 2 Shared bathrooms $780p/a ($15p/w)
Total outgoings $3,015p/a

Optional Out Goings
Large Full size communial kitchen is available for tenants use for about $15p/w (Optional)
Professional Onsite Property Management available for about $20p/w (Optional)

Currently Rented for $240p/w.
I also have a property management company willing to guarantee the rent at $240p/w for any fixed length of time. Management fee would be 13%+gst with the guarantee rent. (Optional)

New Hotel style kitchenette includes:
Low noise 113 litre under bench Fridge with fresh food crisper and build in 16 litre freezer. Combination Convection & Microwave Oven, Toaster, Kettle, 2 piece dinner set, 2 pots, 1 frypan, 2 piece cutlery set, No Sink, Small Bench, 3 Drawers, Small Pantry.

Room Includes:
1 Single or 1 Double Bed, 1 Desk/Shelf, 1 chair,1 Stool, Full Bedding, 32″ Wall Mounted Digital TV (most other units do not have a TV connection in this building), Wardrode and Bedding.

Bathroom:
2 Shared bathrooms on the same floor (Separate male & female bathrooms) Each Bathroom has 2 toilets and 2 showers, total 4 toilets, 4 showers, 4 vanities. Shared between 10 units/rooms on the same floor. The cost to clean (twice weekly) and supply toilet paper and shower soap is $15 per week, ($780p/a)

*Finance Conditions.
Up to 50% of the purchase price – no trades.
Subject to credit check, lender’s normal criteria etc
Security – Registered first and only mortgage.
Interest rate – 9.95%
Interest Paid monthly in arrears.
An arrangement fee of $1750 plus GST per loan.