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Super Sized Studio in the Viaduct!

1O/20 Pakenham Street East

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Marketed by Carl Russell

Super Sized Studio in the Viaduct!


1O/20 Pakenham Street East

Auckland Central, Auckland

Asking Price $109,000

Marketed by Carl Russell

Welcome to Latitude 37 in the heart of the Viaduct Precinct, located on a peaceful tree lined cul-de-sac on the edge of the stunning Marina.

On offer is a sizeable studio apartment on the exterior of the building, these units are compact and completely practical with kitchen and full sized bathroom (with a bath!) and topped off with a good sized, secure car park in the basement. Open plan living arrangement with nice big double doors that open up wide to let in the fresh air.

Leasehold in perpetuity makes this a sensible decision for someone looking to spend minimal capital whilst buying a property in the most desirable location in the CBD! You're a short walk to all of the top notch bars and restaurants, but far away enough that you don't cop the noise that some of the closer complexes do.

These functional little units have a multitude of uses ~ perhaps you are looking for a reliable income source, in which case the current fixed term tenancy will be appealing. Looking for something with Airbnb potential? With a little elbow grease and a few cosmetic touch ups, you could turn this into a highly profitable short term rental machine! Or would this suit for your own personal use? Maybe you just need a car park in the City (which I remind you cost around $100k alone these days!!) and you could continue renting the apartment out!?

The unit is currently rented on a fixed term tenancy at $500 per week until 16 October 2025 so you can decide at that point what you would like to do. The rent does not include the car park , the owner uses this himself so if you could consider renting out the car park as well for an extra $70 - $80 per week.

Well there you have it, if you have further interest please send an enquiry and I will send you all of the numbers and let's arrange a private viewing.

I look forward to meeting you soon!

Property Details

Property ID RMU43645

Category
Apartment
Status
Current
Bedrooms
1
Bathrooms
1
Garaging
1


Local Schools

* While every effort has been made to ensure the information displayed is accurate, please check details directly with the school before making decisions based on this information.

Primary
Intermediate
Secondary
Freemans Bay School - 1.0km away
Years 1-6
Co-ed
Wellington Street
09 360 1572


Ponsonby Intermediate - 2.1km away
Years 7-8
Co-ed
50 Clarence Street
09 376 0096


Auckland Girls' Grammar School - 1.3km away
Year 9-15
Girls
Howe Street
09 307 4180


Western Springs College - 4.4km away
Year 9-15
Co-ed
Motions Road
09 815 6730



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Make an Appointment

Send an enquiry about this property to the agent


Carl Russell


Licensee Salesperson

Mobile: 021 896 783

Phone: (09) 520 9100


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