*Unbeatable rental return in Double Grammar, with an upside!
* 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
* This 1 bedroom apartment with an undercover secure car park and balcony offers investors a guaranteed rental income without the stress of tenants, vacancy periods and management fees
* Currently returning $27,945 gross per annum (gst incl)
* Rates $5,154.96 per annum (gst inc)
*BC Levy $4,520.91 per annum (gst inc)
*Gross Annual Return 7.98% at $350,000 PP, 6.98% at $400,000 PP
*Net Annual Return 5.22% at $350,000 PP, 4.56% at $400,000 PP
* Do your sums and name your rate of return!
* With only 9 years to run on the current lease this 46 m2 plus 15 m2 car park (appr) apartment will make for a great
Double Grammar, central city base one day in the vibrant Newmarket suburb
* In a hub with a plethora of exclusive shops, thriving bars, cinemas, parks and a wealth of convenient amenities!
Be the lucky one to unlock the huge earning potential that this apartment has to offer
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
---|---|---|---|---|---|---|---|---|
Newmarket School | 0.54 km | Primary | 1-6 | Government | Co-Educational | EQI: 381 | 7 | |
Auckland Grammar School | 0.84 km | Secondary | 9-15 | Government | Single Sex-Boys | EQI: 385 | 9 | |
Epsom Girls Grammar School | 1.16 km | Secondary | 9-15 | Government | Single Sex-Girls | EQI: 397 | 9 | |
Auckland Normal Intermediate | 2.35 km | Secondary | 7-8 | Government | Co-Educational | EQI: 374 | 9 |