5D/31 Day Street Auckland Central, Auckland City

Don't buy the golden egg, buy the goose that lays it!

You don't need to be a magician but you will need to be a cash buyer for this magic investment. With remedial issues demanding a full makeover, this building is about to be transformed, as is the apartment itself with the balcony being enclosed into a winter garden. Not only will you get the increased value of being in a building that's being given a new lease on life, on top of that, there is the increase to a very bank friendly approximate 61sqm; with new builds selling for well over $15K per sqm around the corner, what's the value going to be when this building is freshly remediated? Even at an average sale price in the city of approximately $10K a square meter you're sitting pretty. To complete the offering add a secure car park into the equation, average values of which are fast approaching $100,000. So put away the calculator, this is a no brainer.

• FREEHOLD
• 61sqm (approx.) - Internal floor size will be increased as part of remedial work
• Two Bedroom
• One secure, covered car park
• Great Layout

OUTSTANDING LOCATION
Situated just off K' Road which has also just gone through a major transformation. Right next to the Beresford Street entrance to the underground rail loop currently being built, million-dollar, award winning apartments are just around the corner. With so much happening in the area, the future's looking bright when it comes to resale - this is our pick for THE location on the move in the city centre.

Outgoings:
Council Rates - $1,360.81 per annum
Body Corp Levy - $4,622.52 per annum

Income:
Rental Appraisal - $480 - $520 per week (furnished)

These types of opportunities very rarely present themselves to the market, jump on this one, you'll be thanking yourself for years to come.

* Main photo is an approved project concept for the building