Unit 016/18 Mountain Ash Drive, Frankton, Otago

For Sale

Unit 016/18 Mountain Ash Drive, Frankton, Otago

$325,000 Plus GST (if any)

32 m²

Apartment

•

30+ days on the market

What's around Unit 016/18 Mountain Ash Drive

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.