Well-situated Auckland Apartments

Attractive to the professional style tenant

This light and well-situated apartment is ideal for the professional tenant market.  With secure tenancy already in place, this stunning Auckland apartment will earn you money from day one.

As an added bonus the developer will provide a full furniture package at no extra cost.  Discounted prices, along with the declining interest rates and weakening New Zealand Dollar mean that now is the right time to invest in New Zealand’s most sought after location.

The Apartments
The Devon complex is comprised of 45 apartments specially designed for modern urban living.  At 80sqm this apartment is very spacious for the Auckland market; its two bathrooms and one car park also add to the attractive proposition.

This penthouse apartment has a north facing balcony, and therefore is well positioned for city views and great afternoon/evening sun.  Apartments on this top level come with an extra high ceiling stud height and this gives an even more spacious feel.  Its modern kitchen has a great flow to the living area and out to the balcony. Welll finished bathrooms add to the quality feel of this development.

Location
Located at Eden Terrace, the Devon Apartments are just minutes from Auckland’s Central Business District; within easy walking distance of upper Symonds St, Upper Queen St and Ponsonby Road.  It provides everything that central Auckland living has to offer: shopping on Queen Street, a walk to work, night life and restaurants - everything the professional tenant needs and wants.

Price: $410,000NZD
(£157,000, $232,000USD, $350,000SGD , $324,000AUS)

13 Key Reasons to Invest in Auckland, New Zealand:

• Auckland is growing two times faster than any other city in New Zealand.
• By 2021, Auckland will be home to 2 million people.
• Auckland officially has 33% of New Zealand's population.
• Auckland has 30% of New Zealand's economic growth.
• $2 billion investment is underway for rail and subway infrastructure.
• Ranked 4th best city in the world - 2009 Worldwide Quality of Life Survey.
• Host to the 2011 Rugby World Cup and the 2015 Cricket World Cup.
• The demand for Auckland rental properties is exceeding supply; increased costs of land, as well as building and compliance costs, mean new development is less affordable.
• These factors all contribute to the next phase of the property cycle; as rents rise and interest rates fall, property yields increase.
• No Capital Gains Tax.
• No Stamp Duties or Land Tax.
• No Inheritance Tax in New Zealand.
• Huge demand for inner-city living in quality properties.

These factors mean that now is an excellent time to buy in New Zealand.

Auckland has some outstanding fundamentals for excellent long term capital growth. It is New Zealand’s largest city with a population of 1.8 million and a strong growth rate. This spectacular city has a breathtaking harbour and amazing beaches. Auckland provides an exceptional opportunity for investors interested in maximising their capital growth and maintaining strong rental yields....

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