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206/26 Te Taou Crescent Auckland Central, Auckland City

Sold for $40,000 on 28 Sep 2023
  • 3 Beds
  • 1 Bath
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206/26 Te Taou Crescent, Auckland Central, Auckland City

Apartment in Auckland Central

QUICK STUDY…$1 DOLLAR RESERVE

  • 3 Beds
  • 1 Bath

Our seller is seriously motivated, we tried to stop them but they insisted on advertising their property with a $1 Declared Reserve.

You could buy this on your credit card and you don't even need to see inside, there's no room anyway. Three bedrooms, three students and lots of belongings, lots of rental income too.

Leasehold? You bet. A little tired? Obviously.
What's the catch? The bank won't lend on it, you'll need cash and time to do a lot of reading.
Upside? In time the rent will increase but you'll have to give it some TLC.

Grand Central Apartments located next to the Vector Arena in downtown Auckland is tailor made for affordable student accommodation, it's purpose built and designed to inspire, or rather propel the kids to graduate.
Mum and Dad? It's cheaper than paying someone else's mortgage and you'll always know where they are.

Currently rented to three very motivated foreign students collectively paying our vendor $480 per week, but our vendors got other plans so out it goes.

Southern sellers' no longer interested in their big city investment, they've long since graduated and with a growing family it's time to cash up...over and out.

Potential purchasers are strongly advised to seek their own legal advice before committing to purchase.
Copy and paste "please provide all disclosures including pre contract disclosure statement and viewing time"

Property ID:

CTA42440

Building:

43m²

Bedrooms:

3

Bathrooms:

1