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209/43C Gillies Avenue, Epsom, Auckland City, Auckland

$259,000

209/43C Gillies Avenue, Epsom, Auckland City, Auckland

1

UnitListed on Wed Jul 31

Near Newdouble grammarNearby train station

Epsom 1 Bedroom Ramada by Wyndham Newmarket

This stylish hotel apartment is at the popular Ramada Hotel in Newmarket. It is well-managed and well-maintained and offers a straightforward investment opportunity in the heart of Manukau City.

• Fully furnished, Stratum in Freehold (Unit) Title

• 23m² Hotel Room with kitchenette, ensuite and laundry facilities

• Lease term: 30 years (15+5+5+5 commercial lease) - Lease commenced in 2019.

• $13,500 plus GST annual income with 2% annual increases from year 3

• 10 days free owner use per annum

This unit comes fully furnished with 10 days of owner usage per annum and guaranteed returns.

This complex has proved popular with visitors and offers an affordable investment opportunity with the option to enjoy your holiday stays in paradise. It will be sold fully furnished with quality chattels, fixtures, and fittings and on a + GST (if any) basis.

See this listing on Barfoot & Thompson

Location

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Council Data

Last update : 2024 12 11

Improvement value$190,000Increased by 46% from year 2017

Land value$100,000Increased by 11% from year 2017

CV(Year 2021 Month 06)$290,000Increased by 31% from year 2017

View typeNo appreciable view

ContourLevel

Floor area21m²

Decade of construction2021

Title992926

Type of titleUnit Title

Legal descriptionPRIN 209 DP 560962

CouncilAuckland - City

Estate descriptionSTFH,1/1,PRINCIPAL UNIT 209 DEPOSITED PLAN 560962

Council rates$2,003.00
2023/2024

ConditionExternal Walls: Good
Roof: Good

ZoningBusiness - Mixed Use Zone

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Newmarket School	0.10 km	Primary	1-6	Government	Co-Educational	EQI: 381	7	Detail
Auckland Grammar School	0.50 km	Secondary	9-15	Government	Single Sex-Boys	EQI: 385	9	Detail
Epsom Girls Grammar School	0.65 km	Secondary	9-15	Government	Single Sex-Girls	EQI: 397	9	Detail
Auckland Normal Intermediate	1.71 km	Secondary	7-8	Government	Co-Educational	EQI: 374	9	Detail

Property history

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For developers

Unitary plan:Business - Mixed Use Zone

Land:-

Title:Unit Title

Surrounding facilities

Gillies Avenue Neighborhood and Surrounding Data
Gillies Avenue neighborhood is a sub-region located within Epsom city

Suburbs

Data analysis - Epsom properties data

Sales count(Last 12 months)

4View

Type: Unit

Sales median price(Last 12 months)

$657,500

Low: $399,000, High: $805,000

Rent median price(Last 12 months)

$482

Low: $240, High: $720

Epsom property trend

Year	Median price	Growth	Sales count
2024	$750,000	-0.3%	3
2023	$752,500	-4.1%	8
2022	$785,000	13.8%	10
2021	$690,000	13.4%	27
2020	$608,500	20%	16
2019	$507,250	34%	24
2018	$378,500	34.4%	16
2017	$281,724	-12.8%	19
2016	$323,000	-18.2%	12
2015	$395,000	0.6%	7
2014	$392,500	-	13

Mortgage

Sold nearby

Address	Distance	Bed	Bath	Floor area	Sold date	Sold	Data source
4/35 Almorah Road, Epsom	0.15 km	2	2	169m²	Year 2024 Month 11 Day 27	-	Council approved
616/26 Remuera Road, Newmarket	0.07 km	3	2	132m²	Year 2024 Month 10 Day 07	$890,000	Council approved
219/14 Edgerley Avenue, Epsom	0.28 km	2	1	61m²	Year 2024 Month 09 Day 20	$728,000	Council approved
402/14 Edgerley Avenue, Epsom	0.04 km	2	1	61m²	Year 2024 Month 09 Day 09	$750,000	Council approved
709/26 Remuera Road, Newmarket	0.06 km	3		109m²	Year 2024 Month 06 Day 26	$950,000	Council approved