Ray White Auckland Central - City Realty Ltd Licensed (REAA 2008
Real Estate Agents
Ray White Auckland Central - City Realty Ltd Licensed (REAA 2008
246 Queen Street
Auckland Central
Auckland 1010
Auckland Central
Auckland 1010
- Listing #:
- CTA46178
- Listed:
- 173 days ago
Enquiries Over $100,000
Grammar Zoned + 2 Carparks in the CBD? 14% NET!
7A/11B City Road, Auckland Central, Auckland CityApartment
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- 2 Bedrooms
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- 1 Bathroom
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- 2 Car Garages
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- 62m2 Floor Area
About this property
Located just off Queen Street and moments from the University District, this split-level Leasehold apartment in the Q Central Residential building offers investors and city-focused homeowners a well-rounded opportunity.Offering two bedrooms, one bathroom, and the rare bonus of two secure carparks, the 62 sqm (approx.) layout is thoughtfully designed. The open-plan living and kitchen area occupies the first level, with both bedrooms and the bathroom privately set upstairs. The layout provides flexibility for flatmates, tenants, or small households wanting proximity to key amenities.
Zoned for Auckland Grammar & Auckland Girls' Grammar, the location has strong appeal for those with schooling needs. Its proximity to Universities, public transport links, and the CBD further enhances its rental potential.
The apartment is currently rented at $500 per week, plus $55 and $65 per week for the two carparks. With some general maintenance and some TLC, the weekly rent could rise to approximately $650 for the apartment alone.
Annual outgoings total approximately $19,846, comprising $12,377 in ground rent, $5,498 (approx.) in operating expenses, and $1,968 (approx.) in council rates.
The most recent ground rent review was completed on 1st December 2023, with the next scheduled in 2028. The apartment's C.V. is $530,000.
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