Freehold Strata for 159k? Yeah right

Well it's true! Right in the heart of Auckland CBD next to the sky tower, this Imperial gardens apartment could be your next niche investment property. Everybody knows that you could pay up to 350k+ for a studio apartment in Auckland CBD right now, but we bring you the chance to own your very own freehold investment at the cost of a leasehold.

Yes, the apartment has been under investigation for a possible cladding issue, and so there could be costs in future for repairing the issues found. You can check this detail clear and transparent in the body corp AGM.
But if you look at freehold apartments in Auckland CBD that have had known issues, they sell for half of their actual value, then the value increases to what it is really worth after the repair. The amount you may have to pay for the repair is unlikely going to equal the value of the apartment after the issues have been resolved.

The body corp amount per annum is at approx. $2400 for this 30sqm studio with a balcony and this amount also includes the water bill. The Imperial Gardens is an extremely popular rental hotspot and this unit has been tenanted non-stop for the last 4 years, and it is currently reaping rental of $345 per week with a good tenant that wishes to stay longer even with a new owner.

Very low purchase price, super low up-keep cost and non-stop rental income is the name of the game. You can do the math, it's simple. This is your perfect opportunity to vamp up your investment portfolio and be a winner in the end.

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