18 Sudbury Terrace Parnell, Auckland City

Nestled at the foothills of Parnell, in a private gated community, you'll find 18 Sudbury Terrace; a weatherboard cladded, three bedroom, two bathroom townhouse.
A change in the vendor's circumstances requires a swift sale and with price expectations to match the urgency, they are willing to meet the market.

Great layout with an internally accessed garage, bedroom, and bathroom on the ground floor. Open plan living, dining and kitchen in the middle, with two more very well sized bedrooms and bathroom on level three.

The current vendors had a border in the bottom room, the income from which covered all the outgoings.

• LEASEHOLD
• Three Bedrooms
• Two Bathrooms
• Single Internal Access Garage

Income
Rental Appraisal: $750 - $850 per week (furnished)

Outgoings
Council Rates: $2,383.05 per annum
Operational Expenses: $3,214.38 per annum
Ground Rent: $16,344.30 per annum

Location wise this is simply superb.
True City Fringe living - A short walk from Britomart Transport Hub, shopping on Queen Street and High Street, tertiary institutions, and not to mention all the restaurants, bars, and clubs.

If you're looking to buy an investment heading into what many are predicting to be down-market, do not put your money at risk by buying falling freehold. Leasehold shows the highest ROI hands down. With ground rent directly related to the value of the land, a drop in pricing will actually improve your investment. Add to that an initial capital investment of, in most cases, a quarter of that of freehold, it makes a lot of sense to jump on leasehold.

The Grafton Gully & The Strand redevelopment is being considered by the council as we speak. This proposal will transform the area turning into what has been described as 'The Next Britomart'. Now's the time to jump on board. Contact us today for full info pack and to arrange a viewing.