When a new baby is quite ugly only a mother could love the problem child it often develops into having the most beautiful future and where the most upside can be found.
Such an analogy can be applied to this one bedroom apartment in the Imperial Gardens building - only a stroll away from the Sky Tower and the eventual Sky City convention center, City Rail Link (Wellesley Street) Station, not to mention Queen Street retail shops and University of Auckland. Total floor area is approximately 31sqm including the balcony. Currently rented to a single for $400 per week. Complete with pool, GYM and sauna room too.
Super low body corp levy of $2079.52 per annum after a 10% discount if paid by the due dates including hot and cold water.
Imperial Gardens will soon undergo extensive remedial repairs, this is where the upside is and the ugly duckling will grow into the goose that laid the golden egg, that's if you've got the patience.
This detail is clearly available in the body corp AGM and pre-contract disclosure statement. Asking only $185,000, this is the perfect opportunity to turbocharge your investment portfolio and reap the benefits in the not too distant future.
You'll need to make a cash offer as the banks won't lend on it of course this'll knock out your competition but sometimes winning ugly just feels better.