4 Cotesmore Way Parnell, Auckland City

On offer at 4 Cotesmore Way, a three-level, three-bedroom townhouse in lower Parnell is perfect for the astute investor or first home buyer.

Positioned minutes from the city centre, Britomart and Parnell this property is incredible value for money.

These properties are sought after in terms of rentals and regularly experience 100% occupancy rates because of their location and proximity to the city. It is zoned for some of Auckland's top schools ie. AGS, EGGS & Parnell Primary and Intermediate.

Currently rented for $720 per week. Outgoings are around $446 per week. that's your BC levies, ground rent and rates covered. Producing $14,250.00 cash surplus per year. That's over 7% net return at $200,000.

Did I mention this property has parking for two cars?

For the financial year 01/08/19 - 31/07/20 the BC levies were $3,382.88 (Payable in 4 instalments of $845.72) whilst the ground rent was $17,500 (Payable in four instalments of $4,375). The levies and ground rent for the current year will be determined on the 23rd of September 2020.

My instructions from the executor are to sell! Make an offer today.

* Please note: The photos were taken prior to the property being tenanted.