Listed: Thu, 30 Apr

Fantastic Newmarket investment with an upside!

505/31 - 39 Davis Crescent, Newmarket, Auckland City, Auckland

Asking price $359,000

1 Bed
1 Bath
1 Living area
46m² Floor

Other Features

1 Garage parking

Attribute	Value
Property type	Apartment
Capital value (CV)	$740,000
Parking	1 garage spaces
Agency reference	MRK32298
Broadband in the area	Fibre, ADSL, Satellite, Wireless

FREEHOLD WITH A TWIST. 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. Currently returning $27,945.72 (GST incl), gross per year This 1 bedroom apartment with undercover secure car park and balcony offers investors a guaranteed rental income without the stress of tenants, vacancy periods and management fees. With only 7 years to run on the current hotel lease this 46 m2 plus 15 m2 car park (appr) apartment will make for a great central city base one day in the vibrant Newmarket suburb. Be the smart one to unlock the huge earning potential that this apartment has to offer. In a hub with a plethora of exclusive shops, thriving bars, cinemas, parks and a wealth of convenient amenities!
359,000 +GST (if any) Contact agent for more information.

Open home times

No times scheduled

Property Files

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Local Schools

IN ZONE newmarket school
7 Gillies Avenue
535 m
Contributing (Primary), State, 255 enrolled
IN ZONE auckland grammar school
Mountain Road
842 m
Secondary (Year 9-13) (Secondary), State, 2758 enrolled
IN ZONE epsom girls grammar school
Silver Road
1.1 km
Secondary (Year 9-13) (Secondary), State, 2295 enrolled

IN ZONE auckland normal intermediate
Poronui Street
2.3 km
Intermediate (Intermediate), State, 722 enrolled
UNZONED acg parnell college
39 George Street
331 m
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 1910 enrolled
UNZONED st peter's college (epsom)
Mountain Road
721 m
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1314 enrolled
UNZONED st michael's catholic school (remuera)
6 Beatrice Road
944 m
Contributing (Primary), State : Integrated, 223 enrolled
UNZONED ecole francaise internationale auckland
131 Remuera Road
1.1 km
Contributing (Primary), Charter School
UNZONED diocesan school for girls
Clyde Street
1.4 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 1706 enrolled
OUT OF ZONE parnell school
48 St Stephens Avenue
1.5 km
Full Primary (Primary & Intermediate), State, 491 enrolled
UNZONED dilworth school
2 Erin Street
1.6 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 482 enrolled
UNZONED crimson global academy
Level 3 18 Stanley Street
1.7 km
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 72 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.