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H214/41-43 Gillies Avenue, Epsom, Auckland City

Great Investment Opportunity in Newmarket

dollar

Asking Price $245,000 Plus GST (if any)

Apartment
Apartment
Bedroom
1
Bathroom
1
Floor area
21m2
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Property details

Listing # ABY28723 | Listed on 13 April 2022

This quality hotel suite is located in the desirable double grammar zone, only a short stroll from Westfiled Newmarket and Broadway.

Freehold unit title with guaranteed return, and you can sell anytime.

Fully serviced and managed by Ramada Hotel Group who operate more than 800 hotels across 63 countries. The first three years rental is $13,500+GST per annum and increasing by 2% annually after the third year. Lease terms are 30 years based on 15+5+5+5 years. Landlord has 10 days free stay per annum.

Estimated completion in mid 2021. Overseas purchaser is eligible to buy.

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Additional features

Rates
Levy: $903 per annum
Lot Features: Close to school; Close to shops; Close to public transport
Master Bedroom: Built In Wardrobe
Heating/Cooling: Air Conditioning

Schools and childcare in the area

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