Located just off Queen Street and moments from the University District, this single level Leasehold apartment in the Q Central Residential building offers investors and city-focused homeowners a well-rounded opportunity.
Offering two bedrooms, one bathroom, and the rare bonus of a garage for Tandem Carpark (for two cars), the 62 sqm (approx.) layout is thoughtfully designed. The open-plan living and kitchen, both bedrooms with external windows and a bathroom. The layout provides flexibility for flatmates, tenants, or small households wanting proximity to key amenities.
Zoned for Auckland Grammar & Auckland Girls' Grammar, the location has strong appeal for those with schooling needs. Its proximity to Universities, public transport links, and the CBD further enhances its rental potential.
The apartment is currently rented at $550 per week. With some general maintenance and some TLC, the weekly rent could rise to approximately around $600pw to $650 .
Annual outgoings total approximately $17,293.42, comprising $11,139.60 in ground rent, $4,655.04 (approx.) in operating expenses, and $1,498.78 (approx.) in council rates.
The most recent ground rent review was completed on 1st December 2023, with the next scheduled in 2028. The apartment's C.V. is $330,000.
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Property Introduction
