718/135 Hobson Street Auckland Central, Auckland City

This north facing two bedroom, two bathroom apartment with one secure carpark and a storage locker is for auction on 19 December 2019. With lots of sunlight constantly filtering into the apartment, it is bright and sunny inside. Positioned at the back of the building, the property enables you to have a quiet and peaceful rest after a long day of work without any noise from the busy Hobson street. The interior layout is compact and highly efficient in space usage. Both of the bedrooms including one ensuite can fit queen-sized beds, and the spacious lounge seamlessly flows to the balcony where you can enjoy a lovely Habour Bridge view as well as wide city view, and a peep of the Sky Tower.

Yes, the apartment has been under investigation for a possible cladding issue, and so there could be costs in the future for repairing the issues found - you can observe this detail clearly and transparently in the body corp AGM and pre-contract disclosure statement - but if you look at freehold apartments in Auckland CBD that have had known issues, they sell for less than half of their actual value, before the value increases to what they are really worth after the repairs. 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. The vendor is in the litigation and will assign all the rights and obligations to the new owner.

The normal body corp amount per annum is at approx. $4,500 for this 51sqm two bedroom apartment with balcony; 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.