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12K/76 Albert Street, Auckland Central, Auckland City

The Lucky Leaker

dollar

$249,000

Apartment
Apartment
Bedroom
1
Bathroom
1
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Property details

Listing # CTA36476 | Listed on 13 April 2022

Yes this poor old apartment is suffering from remedial issues but don't despair - help is on the way!

After a settlement with Auckland Council a large portion of the remedial cost has already been raised.

You can take advantage of this situation by purchasing now at a price considerably below market value and reap the rewards once the work is complete.

With the work expected to start this year and take approximately two years this wee guy can see the light at the end of the tunnel.

Building consent has been issued and once the face lift is complete you will be the proud owner of a prime apartment in one of the best locations in Auckland.

Just metres from Auckland's golden mile and a short walk to the Viaduct, Commercial bay, Universities and Britomart.

Current tenant paying $395pw and plans to stay until the remediation project gets underway.

You will benefit from significant instant equity once the new CCC is issued and your friends will be wondering how you got so lucky!

Contact us today for a breakdown of the numbers and an explanation as to why this is one of the best opportunities available right now.

Note: you will need either cash or equity as the main banks don't like this fella.

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Additional features

Rates
Rates: $1,044.85 per annum
Lot Features: Close to shops; Close to public transport

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