Ruby Huang

This Grammar-zoned spacious leasehold two-bedroom penthouse spans the upper two levels, offering large windows for plenty of natural light, a cozy living area with a balcony, and views of the Sky Tower.The property has been vacated, ready to move in, good for owner occupancy or investment.Two separate secured carparks (one with its own locked door) are a significant bonus!High-Quality Educational Resources:Zoned for Auckland Grammar Schools and Ponsonby Intermediate.A short walking distance to AUT and Auckland University.Superb Top-Town Location:Located minutes away from the CBD, Queen Street, the library, art gallery, theatre, transport, and entertainment.Stable Lease & Low Expenses:Council Rates: $2,378.52/year (2023/2024)Ground Lease: $14,271.88 p.a., recently renewed until 1st December 2028, with reviews every 5 years until 2086.Operating expenses: $6,227.64/year (for the year 1 April 2024 to 31 March 2025).Financial Benefits:CV $880,000. The asking price is only $135,000. Calculate the savings on mortgage interest with this purchase, and avoid the risk of a large loss of principal in a declining market.This property offers an affordable lock-up-and-leave lifestyle or investment opportunity. Act quickly to register your interest.