Albany Apartments in Auckland

Name: Albany Apartments
Brand: Risland
SKU: 21812
Availability: InStock

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Project info

Object ID: 21812

Finished at	July 2023
Price, m²	From 10400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 45.00 m²
Floors	7
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

468,000$

Net profit

6,783$

Payback period

51.9 years

Avg property value increase per year

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About the project

Our last project is located at 2 Munroe Lane Albany, Auckland. Its proposal provides 141 apartments over 7 levels plus two basement levels for parking. The site is well located on Munroe Lane between Davies Drive to the north and Don Mckinnon Drive to the south. A public pedestrian lane is to the west. The site therefore enjoys three road frontages and faces a lane on its fourth boundary. Nearby are many options for public transport, shopping, restaurants and entertainment. Shopping at Albany town centre is six minutes’ walk away and the various local shopping opportunities on Oteha Valley Rd are a similar distance.