102/268 Tuam Street, Christchurch Central, Canterbury

SoldMay 2, 2024

102/268 Tuam Street, Christchurch Central, Canterbury

Amount undisclosed

Apartment

•

30+ days on the market

Sold: May 2, 2024

What's around 102/268 Tuam Street

CBD investment

Download documents here: https://www.harcourts.co.nz/CR47592#documents Looking for a prime investment opportunity? Look no further! We have a fantastic studio apartment located on Tuam Street, right next to the Christchurch Stadium that's currently under construction. Literally a hop, skip and a jump to future concerts & sporting events. This perfectly placed apartment is just a short stroll or scoot away from the CBD's best restaurants and conveniences, making it an ideal location for both tenants and investors. Speaking of tenants, the primary tenant is none other than the sought-after Ramada Hotel, with an exceptional occupancy rate. As an owner, you get to enjoy five nights annually in this modern and stylish studio apartment (T&C's apply). With such a secure investment and all the hard work taken care of, why not sit back and reap the rewards? To give a snapshot of return: Excluding GST, the annual income for tax year 24/25 will be $16,075.44. The costs for that tax year should be Rates $1,367.20 and Body Corp fees of $2,454.06 giving a nett income of $12,254.18. The Ramada lease runs until 22 Dec 2029, but Ramada have the right to extend for a further three terms of 5 years each term. Call me today to secure your ticket on this investment ride. Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.