Attention: Declared Reserve $50,000

Located on Princes Wharf Shed 20, residents benefit from easy access to a vibrant array of dining, entertainment, and recreational options. Explore nearby cafes, restaurants, and shops, or take a leisurely stroll along the waterfront promenade.

Key Features:
• Leasehold - Vacant Possession
• Total floor area of approximately 58m2 more or less
• Captivating balcony flooded with sunlight
• CV: $530,000
• Rates: $1,769.55 per annum
• Ground rent: $9,581.32 per year effective 01.09.2023. (The next rent review will happen in Sept 2024)
• Operating Expenses: $8,883.32 plus GST from 01.04.2024 to 31.03.2025
• 50-year and 3 months lease term, the lease will expire in 2050
• Short-term rental appraisal in $41,893 p.a. ($805 per week on average after fees)
• Rental Appraisal: $550 - $580 per week

Auction on 8th Aug 2024 at 12:30 PM (unless sold prior) at L3/246 Queen Street, Auckland Central

Suitable Auckland bolt hole, and there's a rental management office onsite at Princes Wharf that can suggest different rental options based on your circumstances.

Princes Wharf is a leasehold complex: owners pay OPEX (short for Operating Expenses, ground rent, and rates).

The ground rent for Princes Wharf is replaced five yearly market rent reviews with fixed annual increases (at the greater of 3% or CPI) for 25 years from 1st September 2014
Now is the opportune moment to secure a lucrative investment or your dream home. Contact May Ma at 021 821 600 or Mark Li at 021 330 678!