Sick of seeing minimal returns from your term deposit? Then this unique inner city investment opportunity is for you. Situated on the immensely popular Grey's Avenue, this large studio apartment is in a favourable long term lease with Amora hotel. Returning approximately $10,800 per annum NET and remaining under lease until the end of 2020. Recent residential sales suggest that there could be significant capital gain to be had at the end of the lease term. Alternatively if you choose to move in at the end of the lease then you will enjoy the comfort and security provided by living in a luxury hotel. Relax in the pool and gym complex or entertain your guests in the lobby restaurant and bar. Within a few minutes walk to Ponsonby, K road and the central city - this location truly captures the essence of inner city living. Sale price will be PLUS GST (if any) *Please note photos are of a similar unit