99 Anzac Avenue Auckland Central, Auckland City

Do the Math, potential for 6% NETT Return?
Plus the potential for dramatic capital gain once out of Management.
Super popular 2 Bedroom Apartment in the Focus Building. Current Rental is $450 per week, due for review in February 2015 with estimates of $480 to $500.
Managed by the building Property Management company for a further six years. This is well run with a holistic approach to keeping rental return and the building right up to scratch. Add the rent up, deduct the Fixed outgoings, Rates, Body Corp etc. then divide what's left into the purchase price, this is your return.
We are selling similar Apartments at Focus that are not in the Property Management pool (meaning they can be lived in by the owner) for approximately 20/25% more, right now. (recent sales $349,000-$361,000)
Motivated Vendor wants some action!
Opportunity for relatively hands off investment with great return and serious potential upside in capital value.

Time to call me!