3H/30 Symonds Street Grafton, Auckland City

This accessibly priced apartment offers an entry-level option for those seeking a flexible property investment.

Its compact, functional design (around 27 sqm) maximises space, with 2 double bedrooms (individually lockable & can be tenanted separately or together), a shared kitchen, and a shared bathroom. In buildings primarily known for student accommodation, location and layout matter most. Here, both come together in a way that has consistently attracted tenants.

Positioned just minutes from the University of Auckland, AUT, and in close proximity to Queen Street, the central location naturally attracts a steady stream of student tenants and CBD professionals.

Recently refurbished with new paint throughout, new appliances, carpet and curtains, a modern tiled shower, and furnished. Positioned a distance from the street and adjacent to a tree-lined low-use carpark, it is tranquil for such a central location.

Rented at $480-$500/week over the past 2 years to longer-term tenants, it is currently generating $280/week per room. While it is currently managed by the experienced Princeton Property on-site, this particular apartment can be managed as you wish.

You might choose to hold it as an investment, purchase it for a university-going child, or enjoy it yourself as a lock-and-leave one-bedroom plus office. The choice is yours.

The building exterior is receiving a fresh coat of paint, now underway and scheduled for completion by May. The Body Corporate levy is around $7,792/year (including insurance, hot & cold water, and 24-hour onsite building management), and Council Rates are around $1,177/year.

The owner's change of circumstances makes this an ideal time to invest in this flexible, competitively priced opportunity.

Contact me today to arrange a viewing and/or more information.