Buy One Property, Get One Free? There’s A Catch… | Impression Real Estate
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Buy One Property, Get One Free? There’s A Catch…

Posted by Impression on 27, Nov 2019

Last month a Rotorua apartment was listed for sale ...

And the buyer got a free 30m2 Auckland office space. Sounds like a fantastic deal for a savvy Auckland investor. The Rotorua apartment was being sold at a reasonable market price with no extra cost built-in for the Auckland office space.

But there’s a catch. The office space is in Scene One, a beleaguered leasehold complex in Auckland’s CBD with a ground rent review due to be finalised shortly. Plus, Scene One needs remedial work, so that adds another unknown to the cost of the office space.

This is a great example of why you need to know your market and understand what you’re getting yourself into when it comes to any property. If you need any help, get in touch with our sales team and they’ll be happy to talk.

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