502/31-39 Davis Crescent, Newmarket, Auckland City, Auckland

On offer is an exquisite freehold studio apartment that is your perfect start investment in Newmarket! Recently upgraded to an excellent condition. Great layout with an extra large bathroom with laundry facilities included, guests can enjoy the bathtub during the stay. Kitchen is also renovated in good condition, all the furniture is in good condition too, Spacious open plan living area, light and bright with access to the deck and also includes a heat pump.

Key Features:

• Stratum in freehold apartment with a secure car park

• Managed by Quest Apartments - you will not have to deal with tenants as this is looked after by the hotel

• 10 days FREE stay per year for apartment owners

• Total floor area of approx 30m2 (mol)

• CV: $550,000

• Rates: $4,128.19 per annum

• Body Corp Levy: $3,612.78 per annum (Levy Period 1/11/2023 to 31/10/2024)

• Generating a monthly return of approx. $1,850.27 is paid directly into your bank account on a monthly basis

• Hotel Lease Term 30 years commencing on the 30.9.2003

• Double Grammar zoning! - Entry level price for such a sought after school zoning.

• Rental Appraisal: $450.00 to $510.00 per week

Asking price $275,000 + GST (if any)

An array of high-end shops, bars, cafes, cinemas, and busy restaurants are all on hand. Located on Davis Crescent you are just off Broadway & not far from Auckland Domain, or the CBD Itself. This area is in hot demand with the new 277 mall having opened recently providing high end fashion and its own popular restaurants.

Secure basement car park included, high in demand in this fast-growing City. Close to the motorway and with good access to public transport with the train station not far away. The highly motivated vendor is eager to sell. Now is the right time to secure a smart investment. Contact May Ma at 021 821 600 or Mark Li at 021 330 678 to make a deal!

NOTE - photos are of a similar unit in the building, layout and furniture will differ from photos.