505/31 Davis Crescent, Newmarket, Auckland

505/31 Davis Crescent, Newmarket, Auckland CV $790,000, asking $368,000 plus GST (if any)

*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