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Apartment

Unit 204 Mountain Ash Drive Frankton, Queenstown Lakes District

Sold for $200,000 on 22 Dec 2020
  • 1 Bed
  • 1 Bath
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Unit 204 Mountain Ash Drive, Frankton, Queenstown Lakes District

Apartment in Frankton

URGENT SALE! An excellent investment in Queenstown

  • 1 Bed
  • 1 Bath

LQ Kawarau River Hotel and Suites is located in the beautiful surroundings of Queenstown - An Adventure Wonderland. Queenstown is the adventure capital of New Zealand and is surrounded by stunning scenery and outdoor attractions. Queenstown is rightfully considered by many as a world class tourist destination.

LQ Hotel is part of the Wyndham Hotel Group - the world's largest and most diverse hotel company. You are purchasing a FREEHOLD unit title studio apartment from the plans, which is leased back to an approved franchisee. This business model provides investors with a reputable tenant and the security of guaranteed income each year.

This opportunity is ideal for property investors who are looking for an investment that has a reputable commercial tenant in place and are looking for an excellent gross return. This is a low level entry price which gives traditional residential investors the opportunity to take advantage of the commercial landlord benefits below:

  • Lease Term: 30 years based on 15+5+5+5 years commercial lease agreement
  • A 2% annual rental increase after year 3
  • 10 days free use per annum for owners (Have an investment & a holiday pad at the same time)
  • A commercial guarantee on rental
  • A hands off, hassle free investment with minimal owner input required
  • Sale price is + GST (if any)
  • Construction is underway, due for completion late 2020

Invest now in New Zealand's Golden Destination. Call us now for more information.

*Images are artist's impressions

Property ID:

CTA35208

Building:

25m²

Parking:

No carpark

Bedrooms:

1

Bathrooms:

1