1425-1426/21 Whitaker Place Grafton, Auckland City

This apartment includes two studio units on one title, known as a dual-key. The apartment is leased to a student housing operator until May 2026, giving you time to plan your next steps.

Options include perhaps renewing the lease, managing it yourself in residential tenancy, or using it for your university student kids.

For the year ending February 2025, earnings were $11,500 after expenses like body corporate fees, rates, management fees, and fittings reserve contributions.

This latter contribution ensure the upkeep of fixtures and fittings suitable for student accommodation, but you don't have to worry about this whist in the lease.