311/421 Queen Street
Auckland Central, Auckland City
SOLD
3
1

#PositiveCashFlow

Looking for Positive Cash flow? - We have the answer.

Comprising of three bedrooms, one bathroom, these units have always been highly sought and quickly snapped up by savvy investors for their POSITIVE CASH FLOW.

Internally, you can confidently buy subject to viewing once the government lock-down has been lifted to level 2 or lower, or even "sight unseen" as our vendors have completed a stunning transformation of this property with fresh paint and complete new lighting throughout as well as beautifully styled new kitchen to complete the package. With an internal floor area of 41sqm (more or less) in size, most banks will be happy too.
*Photos are of a similar unit*

Let's look at the numbers: Rental appraisal of $680 - $700 per week Furnished (currently this is unfurnished) - that's a gross income of between $34,000 - 35,000 per/annum.

Your outgoings are: Body corporate fees (hot and cold water incl.): $4401.50 (incl. prompt payment discount). Rates: $1,284.88

Total net income based on 50 weeks occupancy to allow for vacancy: $28,000!

With bank rates at record low levels, this super yielding' investment will not sit around long, so I urge you to act quickly.

The location, well this speaks for itself. Freehold, sitting right on Queen Street you're just minutes' walk to practically anywhere in the CBD and City Fringe. Auckland University, Auckland Hospital, the new inner City Rail Link (once completed), will all be right on your doorstep. A location tenants cue up for, and landlords dream about.

Call/text or email for a full info pack.

Open Homes

Property Features

Property ID: GFT20063
Bedrooms: 3
Bathrooms: 1
Building: 41m2
Listed By:City Realty Limited Licensed (REAA 2008)
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Features:

  • Close To Schools
  • Close To Shops
  • Close To Transport

Chattels:

  • Blinds
  • Dishwasher
  • Extractor Fan
  • Floor Covers
  • Heated Towel Rail
  • Light Fittings
    • Rangehood
    • Cooktop Oven
Yuhei Umezaki, Licensee Salesperson at Ray White Sandringham