143 Quay Street Princes Wharf, Auckland 1141

We have here an extremely unique offering in Shed 24 on Princes Wharf, technically a one bedroom apartment however the potential to turn this into a two bedroom apartment is a day or two work with your builder, as there is already a wall that separates the hallway from the potential second room.

In fact we were tempted to call this a two bedroom apartment, as there is already a pull down double bed so the current owners are renting this as a two bedroom apartment.

The outlook from the over sized lounge is across the Hilton pool which separates the two complexes, so offers a resort style feel.

The apartment is 97 square metres, so large enough to attract two couples, or mum and dad with the kids.

The earning potential could be dramatically increased if the second bedroom is finished properly - your chance to add value here.

Important to note the ground rent for Princes Wharf is increased annually by 3% or the CPI (whichever is greater) and this is fixed until at least 2039. This is extremely positive as it removes all of the uncertainty with the previous five yearly ground rent reviews that were in place.