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505/31 - 39 Davis Crescent,
Newmarket, Auckland City

1 bedroom
1 bathroom
1 car space
46m² building size
Apartment

Price withheld


Property details

Fantastic Newmarket investment with an upside!

FREEHOLD WITH A TWIST.
Superb serviced FREEHOLD apartment leased by the highly regarded Quest group.
Located in The Mandalay - the well-run Quest hotel in the heart of Newmarket.
Currently returning $27,945.72 (GST incl), gross per year
This 1 bedroom apartment with undercover secure car park and balcony offers investors a guaranteed rental income without the stress of tenants, vacancy periods and management fees.
With only 7 years to run on the current hotel lease this 46 m2 plus 15 m2 car park (appr) apartment will make for a great central city base one day in the vibrant Newmarket suburb.
Be the smart one to unlock the huge earning potential that this apartment has to offer.
In a hub with a plethora of exclusive shops, thriving bars, cinemas, parks and a wealth of convenient amenities!
Asking Price $335,000 + GST (if any) Contact agent for more information.

Explore the area


School catchments

  • ACG Parnell College Composite Years 1-15 Private 0.33km
  • Newmarket School Primary Years 1-6 State 0.54km
  • St Michael's Catholic School (Remuera) Primary Years 1-6 State integrated 0.94km
  • Ecole Francaise Internationale Auckland Primary Years 1-6 Charter 1.1km
  • Diocesan School For Girls Composite Years 1-15 Private 1.4km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.


Find out how much home loan repayments will be

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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