2/364 St Johns Road Meadowbank, Auckland City

Kiss your landlord goodbye as here is an opportunity you can't miss. Built in the 1960's this solid,sunny, leasehold brick unit is the middle one of only three with two large bedrooms and updated spacious kitchen.
The roof was replaced some three years ago however there is still scope to add value here. Situated in a great central location on the bus route and within walking distance to St Thomas's School and Countdown, and close to the Bays and beaches.
Best of all - the perpetual twenty one year Ground Lease of $9100 ($175 per week) is fixed until December 2027 and being based on 1/3 share of just 769m2 land will assure that the future lease remains within reasonable level. Auckland City rates $1748 per annum and rental income of around $450/week. Do your maths as this is your ticket to the property market whether you are looking for that first home or investment. The vendor is happy to stay on as a tenant if required. Be quick for this one!