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43 Gillies Avenue, Newmarket, Auckland, 1 Bedrooms, 1 Bathrooms, Apartment

By negotiation

43 Gillies Avenue, Newmarket, Auckland

1
1
60m2
ApartmentListed on Sat Apr 8
Private schoolschool zonedouble grammar

Newmarket 1 Bedroom $73,000 Per Year. Hands Off Money!

It doesn't get much easier than this.

This property, currently in the hotel pool is one of the best returning properties you'll find.

In the hotel pool in the complex but able to be taken out with 3 months notice. This is a massive opportunity waiting here for an astute buyer.

Being in the Hotel pool means you own the property, but the hotel takes care of everything for you. You simply take home the income each month. Almost completely hands off.

The really smart move though...the hotel takes a percentage of the income (As you'd expect as they're doing everything)...but if you're willing to look after the property yourself, chuck it on Airbnb and take a larger share of that $73,000. So...

Option One:

Buy and leave in the hotel pool. Do barely anything and let the money roll in.

Option Two:

Buy and take it out of the pool. Do a little bit more, and take a higher profit.

What to do next?

Enquire by email or phone, and we'll arrange a time for you to check the property out.

Note: The chattels in the photos may vary from what is being sold, please check the chattels list if this is important to you.

Location

School zones

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

For developers

Unitary plan:-
Land:-
Title:-
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

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Ref:1231066000186534092Last update:2024-06-15 07:22:10