THIS PROPERTY IS NOW SOLD.

Mortgagee Auction.

What you see is what, and all you get.

Access is restricted, you can see the outside, but you can't go in.

One could say it's a bit of a punt. This is soooooo "Its in the Bag". But in this case it's not money or the bag, here it's spend the money and get the bag.

However game show this is not, our game is the selling of real estate, and in this instance it's Unit 4, 76 Riversdale Rd.

The mortgagee's are realists. They fully understand what "no access" is going to do to the price, but sell it must and sell it will.

This is minimalist marketing. I've got a couple of outside shots, a floor plan off the original 1968 consented plans and a rental appraisal...... that's it. Here we have a cracker of an example of that old adage..... "Less is more".

The property consists of an open plan lounge/dining/kitchen area, 1 x Bedroom and a bathroom in which is the Laundry. All up the plan's say it's approx 51m2. There is a carport out front and a decent sized back garden, and that's it.

The title for this property is a Crosslease on a Freehold section. It's not a Unit title, so no body corp or management fees. It's not a Leasehold title either so no Ground rent or maintenance charges. And it's old, so none of the issues around recladding that come with a lot of these newer builds. Buy the property and you've got rates to pay and that's it, nothing else - nada.

Whoever is prepared to take a punt, the last man standing at the auction, will get what could very well be the cheapest buy.............in Auckland this year.

Fortune favours the brave!

Please be aware that this information has been sourced from our vendor and/or external third parties, including but not limited to REINZ, Property Guru, Property Smarts, Land Information NZ, Local Councils, and other organisations, and we have not been able to verify the accuracy of the same.

There is no buyer access to view the land or dwelling and potential purchasers should complete their own roadside assessment and buyer due diligence as to potential of the land and dwelling.