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Unit 016/18 Mountain Ash Drive

Frankton Otago

1
1
32 m²
Apartment
Currently for sale - view listing

Overview

An Excellent Investment in Queenstown

This is an excellent investment opportunity in Queenstown. Contemporary LQ Kawarau River Hotel is located in the beautiful surroundings of Queenstown - An Adventure Wonderland, 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 deluxe studio apartment 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 $325,000 plus GST (if any) * The Hotel is operating with excellent full star Google reviews. Invest now in New Zealand's Golden Destination. Call us now for more information. *Images are artist's impressions & photo of similar unit.

Features

1 bedroom
1 bathroom
32 m² floor area
Apartment

Happy sellers in Frankton

95%
95% of sellers in Frankton reported that their sale price either exceeded or met their price expectations.

Frankton stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 44 reviews in Frankton over the last 12 months.

Local market activity for 1 bedroom apartments in Frankton

In the last 12 months, 8 one-bedroom apartments similar to Unit 016/18 Mountain Ash Drive, have been sold.

This represents a 75% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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