WHAT ARE YOU WAITING FOR! BEO $120,000
You read it correctly, NOW BEO $120,000
Why is it priced at this level? The apartment building requires work (weathertightness and earthquake strengthening) and the remediation project has been terminated, with no timeframe of if or when it will go ahead.
Do you need a mortgage? Then this apartment is unlikely to be for you, it is best suited for a cashed-up buyer (no mortgage required).
INVESTMENT INFORMATION:
Rental appraisal: $480-560/week
Body corporate levies: $6,515.21 per annum (from 01 July 2022 )
Rates: $1,313.80/annum
If you have seen apartments for sale in this building before, forget what you have read. The body corporate via a vote by the owners have decided to terminate the remediation project with no planned timeframe when or even if it will go ahead. What does this mean for you as a buyer? High rental returns - as the purchase price will be lower than a 2brm apartment that doesn't have work required.
If you are a cashed-up buyer then this sunny 2bm, corner apartment could be just what you are looking for:
- Approx 62sqm
- North-East corner apartment
- Very sunny living - bright and light!
- Views of the historic Atrium House
- Balconies off the living area
- Modern kitchen
- Convenient location with easy access to Willis St & Lambton Quay
- Ability to utilize as an AirBnb - refer to info pack for full details
For a property summary info sheet please complete the email form, a full information pack is also available on request.
R.V. $185,000 (2021)
http://www.5A-57BoulcottSt.com
Please note: Viewing is by appointment only - no open homes and a valid My Vaccine Pass will be required for all inspections