Grafton Auckland City 1010

Welcome to Empire Apartments where you have an absolute hassle free investment. Built right in the heart of the University Precinct you will find this west facing one bedroom positioned high up on level 15.

Don't want the hassle of chasing tenants for overdue rent, dealing with broken washing machines and fridges or leaky taps? Then this is the perfect hands off' investment for you. Being leased back to Theta Management Limited on a long term Deed of lease expiring in 2026, you can purchase, then sit back and let your onsite manager do the rest. Due to its accommodation type and the terms of the lease we are not able to view the apartment, however we can provide you with photos of a similar unit. The terms and figures are as follows :

Term of Lease : 10 years till 2016 with one 10 year renewal through to 2026
Gross Rent : $1,042.00
Expenses : $460.28
Net Monthly Rent : $581.72

The property is asking $129,000 so do your numbers and give us a call today.
Email us today for a full information pack.