Central, DGZ - Top Investment or First Home

Calling this location central is an understatement. Westfield 277, Auckland Domain and Museum, Auckland Hospital, Auckland Medical Campus, Les Mills and a vast array of cafes, restaurants and bars are all an easy walk away. Grafton and Newmarket stations, all main bus routes and motorway access are moments from the door.

You're also in the Double Grammar Zone - zoned for Epsom Girls Grammar, Auckland Grammar and Newmarket School, which underpins demand here whether you live in it or lease it out.

'City Towers' is a retro 1970s boutique building of 34 freehold apartments with a well-run body corporate that takes care of everything. On offer is unit 201: a functional one-bedroom apartment of approximately 39sqm - a bank-friendly size - presented in excellent condition and fully insulated.

• Designated single carpark
• Heat pump and full insulation throughout
• Open-plan living and dining flowing to a private balcony
• Bathroom with dedicated laundry and generous storage
• Body corporate fees include unlimited water, gas cooking, hot water and gardening
• Low-maintenance concrete block construction

The apartment is leased to City Towers, a short-term accommodation operator running apartments throughout the building, and reviewed annually. Current income is $2,181 per month - approximately $26,172 per year before body corporate levies and rates. A copy of the lease is available on request.

From there the options are yours: continue the lease and receive steady income from day one, rent it out yourself, renovate to lift the return, or simply move in.

Viewings by appointment. Don't miss out!

Disclaimer: While every care has been taken, the accuracy of these particulars is not guaranteed and no warranty is given by the vendor or agent. All areas, measurements, income figures and returns are approximate or indicative only. Purchasers must not rely on these particulars and should satisfy themselves by inspection, professional advice or otherwise.