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Unit 102 Red Oaks Drive, Frankton. , Queenstown

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Property Details

$273,542

ID: 381398
Building Area: 34

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HANDS OFF QUEENSTOWN INVESTMENT PROPERTY.

One Bedroom Apartment.

Century21 Darrak Realty Ltd is pleased to offer another unique property development from renowned apartment developer Safari Group.

Wyndham Gardens in Remarkables Park, Frankton. Located on Red Oaks Drive in the heart of the development, Wyndham Gardens is located adjacent to the new Wakatipu High School (to open Term 1, 2018) and just five minutes' drive to Queenstown International Airport. Also close to the premier New Zealand ski resort 'The Remarkables'.

These apartments allow the flexibility to be lived in or rented out making them ideal for young first home buyers, investors or those looking for a lock and leave holiday apartment in the wonderful alpine resort of Queenstown.

You can secure your Wyndham Gardens apartment with a 10% deposit (New Zealand resident) or 20% (where the purchaser is not a New Zealand resident).

Purchasers have the choice of enjoying the apartment as an owner occupier or having the unit managed as a residential investment property. Enjoy the ultimate in modern living and convenience in your own personalised space, or rent out the apartment to enjoy competitive rental returns.

SERVICED APARTMENTS
The Serviced Apartments will be branded and franchised by Wyndham Hotel Group, the world's largest hotel group, under the Ramada brand. We offer investors within the Serviced Apartment Hotel the opportunity of a commercial lease to the Ramada franchisee for a maximum term of 30 years with up to 7% guaranteed gross return (incl free-stay allocation) and with a 2% fixed annual rental increase from the end of year 3. Returns are secured by a commercial lease and commercial guarantees.
KEY DETAILS
* Continuity of income
* Up to 6.95% guaranteed gross return (incl free-stay value) with annual
rent increase 2% per annum growth after year 3
* Rent paid directly into your bank account on a monthly basis
* 10 days free use per annum for owners
* A commercial guarantee on rental not a rental guarantee
* Term: 30years lease base on 15+5+5+5
* Great entry level pricing for investors looking for property with a
long term lease in place
* A hands off, hassle free investment with minimal owner
input required
* Priced from $199,885 to $295,500

RESIDENTIAL APARTMENTS
Purchasers have the choice of enjoying the apartment as an owner occupier or having the unit managed as a residential investment property. Enjoy the ultimate in modern living and convenience in your own personalised space, or rent out the apartment to take advantage of competitive rental returns.
* Priced from $449,000 to $1,112,500