1011/30 Beach Road Auckland Central, Auckland City

This is not a drill, come one come all. Seller's unambiguous decision to sell is no joke.

BIG 80sqm two bedroom cash cow with double balconies and DOUBLE CARPARKING complete with one bathroom and STUDY.

Did we mention sea views, unbeatable downtown location next to supermarkets, restaurants, cafes Britomart etc etc etc?

Beleaguered parents wanting to get rid of entitled kids must inspect. Calling deliciously greedy investors wanting cash, cash and more cash, get woke, greed is good.

This apartment at 30 Beach Road 'Scene Three' is seriously under-rented with existing tenant paying only $625 dollars per week for the last five years, they're happy to stay on but then it's no great loss if they don't.

Market rental appraisal is at $900 per week but the bad news is you'll need to fully furnish it to get that sort of rental income. Conservatively, even at $800 per less costs, "capped" at 99,000 this is well into double digit net returns, unheard of but In front of you.

Current ground rent and OPEX costs of approximately $20k per year means this purchase is still cheaper than paying rent. You could rent out one of the rooms and carparks together for $400 per week and your outgoings are covered. Ask Mum and Dad to put it on the credit card, you won't need to ask them twice.

Too good to be true? If you think so then take a pass and let someone else grab this absolute bargain.

See you at the open home.