3K/508 Queen Street Auckland Central, Auckland City

What we are bringing to you today is the chance to own a FREEHOLD apartment in CBD at 1/4 of its actual value, as the building is undergoing weather tightness issues. Discerning investors would realize that once a Freehold building's defects are repaired, the building's value will rise to what it's really worth. That's why this apartment has such huge potential!

What this apartment offers:

• Well proportioned one bedroom, one bathroom
• Floor size of 34sqm PLUS a spacious balcony
• North-East Facing
• Of course, it's STRATUM IN FREEHOLD TITLE
• Low annual outgoings: BC levy $2,416.76. p.a and City council rate $$916.66 p.a.
• UNIT 3K was party to the litigation, the compensation $55,758.98 plus GST is currently held in BC's Account for future remedial works, which will pass to the new owner.

Situated within the Auckland Grammar zone, and a short stroll to all learning institutes including Auckland University, AUT, ACG College, and Queen Street amenities, this lovely city pad would be perfect for a student or a working professional.

The building does have remedial issues, but plans are well advanced to have the building re-clad. The vendor understands the issues and is very motivated to sell and all offers will be presented. If you have a spare bit of cash or equity in other properties, this is a definitely great opportunity that should be noticed.

Call us to organize a viewing today!

*Photos are of a similar unit