Small Price - Big Net Return 6.32%

This beautiful studio has been a fabulous little abode for the current owners for over 6 years with nothing but happy times living in the big smoke. The 22sqm (more or less) light filled apartment has been refurbished since 2013 with new cabinetry, upgraded appliances and dividing wall removed to make the once small one bedroom into a large studio apartment.

All the apartments in Wakefield Street's Sun Apartments were converted into residential dwellings in 2003, having previously been Sun Corporation's office space dealing with all things Insurance. The building is popular with students and city-based professionals because of its central location. AUT's city campus is across the road while Auckland University's city campus is just around the corner.

Residents' access is by swipe key only and there are security cameras monitoring entry to the tiled lobby containing two lifts. The building does not have car-parking, which isn't essential for residents given public transport and so many facilities are within walking distance. However, there is a secure commercial car park on Wakefield Street.

Located close to Queen Street shops & eateries, the Civic Theatre and a short stroll down the hill and Auckland Central Library. It's also walking distance to the High St, Britomart, Commercial Bay, Auckland Viaduct and the famous Karangahape Road.


Check out the numbers:

Rental Appraisal: $390.00 p/week / $19,500 p/annum (based on 50 weeks)
Outgoings: $1,198.25 (Rates) / $3,831.76 (Body Corp) - Includes Cold Water
Total Outgoings: $5,030.01
Sale price of $229,000 = Net Return
of 6.32%

Don't miss your chance to view this little beauty!

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