206/157 Hobson Street Auckland Central, Auckland City

If you are looking for an incredible net return in the heart of Auckland City then look no further!

This freehold studio unit has tenants paying $375pw - fixed for 12 months.

Outgoings are seriously low - body corp levy of just $2,095.86pa.

Rates are currently commercial, however, the current owner has applied to change the rates to residential and this will happen at the end of the current rating period.

Based on our calculations (once rates have changed) there is a potential NET return on offer here of approximately 6-6.5% (maybe more!)

Located in the four-star Auckland City Hotel on Hobson Street, this pint-sized investment clearly stacks up. Situated in the middle of the hustle and bustle of the city, 5 minutes' walk from the varied attractions of the Viaduct, Britomart and Queen Street.

With the hotel on site, you benefit from the added security of 24/7 reception along with facilities such as the award-winning Fond Cafe in the lobby.

Work out your numbers and make us an offer today.