1002/30 Beach Road Auckland Central, Auckland City

You'll have to be a cash buyer or use the equity in another property to secure this leasehold apartment.

On offer is a modern and spacious one bedroom in harbourfront precinct with a secure carpark. Located at the waterfront, only a short stroll to hustle and bustle Britomart, Countdown supermarket is downstairs. Close to Commercial Bay, restaurants and transportation.

The apartment itself exudes class and spacious living. A contemporary lifestyle, open plan lounge/dining and kitchen with a NorthEast facing balcony. Currently rented at $2,520 per month, fixed term tenancy ends in March 2022.

'Scene Three' building is always in high demand for tenants and owner-occupiers. If you are looking for a lock up and leave, city base or investment, this property is a must to see. The facilities in this building are second to none, consisting of an indoor pool, a well-equipped gym, tennis court and bbq area.

Total Outgoings:
OPEX $2,956.26 p.a.
Ground Rent $17,179.16 p.a.
Rates $1,687.05 p.a.
Current Rental income: $30,242.88 a year

Net Returns:
At $85,000, Net Return is 9.9%!!

Yes, it is a leasehold property, but it's an affordable waterfront lifestyle that won't hurt your pocket.