108/135 Hobson Street Auckland Central, Auckland City

The Imperial Gardens is an extremely popular rental hotspot and it is currently reaping rental of $340 per week with a good tenant that keeps the property very tidy and clean. Right in the heart of Auckland CBD next to the Sky Tower, this freehold one bedroom apartment could be your next great investment property.

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 observe this detail clear and transparently 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 they are really worth after the repairing. The amount you may have to pay for the repairing is unlikely to equal the value of the apartment after the issues have been resolved. You could end up paying up to 350k+ for a studio apartment in Auckland CBD right now, but we bring you the chance to own your freehold investment at the cost of a leasehold.

The normal body corp amount per annum is at approx. $2400 for this 34sqm one bedroom apartment with a balcony and this amount also includes the water bill (hot and cold water). Very low purchase price, super low upkeeping cost and non-stop rental income is the name of the game. You do the math, it's simple. This is your perfect opportunity to vamp up your investment portfolio and be a winner in the end.

Contact Victor now!