Grafton - Excellent Investment in Empire

Description

Empire Apartment is one of the most favourable student accommodations situated in the heart of Central Auckland. Nestled on Whitaker Place, just steps away from Symonds Street, this prime location offers a quick stroll to Auckland University and AUT. It's also conveniently close to Auckland Hospital, local supermarkets, shops and restaurants. The Empire Apartment complex boasts in-house amenities including a café, coin-operated laundry facilities, and 24/7 on-site management and security monitoring.

This 19th-floor 3-bedroom apartment is an excellent investment opportunity, receiving high-yield rents and managed by an owner-appointed property management company which means you control the property. What sets this apartment apart is its coveted location on the building's north-facing top floor, ensuring minimal road noise and bathing each bedroom in excellent natural light, making it a rarity in the market and one that has enjoyed consistent rental occupancy over the last few years. The apartment underwent a fresh renovation and received new furnishings in February 2023.

Currently rented at $630 per week for a fixed 6-month term until early September 2024, and with Body Corporate levies of $7,280.40 and Auckland City Council rates of $2,885.40, the projected returns are substantial - crunch the numbers and see for yourself.

Zoned for Auckland Grammar Schools, this property holds additional value and is ideal for students and professionals working in Auckland's bustling CBD.

Don't miss out on the opportunity to acquire this 52m2 (more or less) apartment at an attractive price! The vendors are selling as their children are no longer studying in Auckland and so it is surplus to requirements. Call our listing agents for further details and take this investment opportunity today!