H309/39-43 Gillies Ave, Newmarket


Property Details

Sale Price: Withheld
Sale Date: 04/08/2017
Sale Type: Private Treaty

ID: 405070
Council Rates: $900.00
Strata Rates: $786.00
Building Area: 21

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Hotel Room Apartment. FREEHOLD !!

Occupying a prime site on the crest of Gillies Ave, Newmarket. You in the heart of Auckland's most prestigious suburbs.

Newmarket buzzes with excellent entertainment options, take your pick from the variety of theatre and music venues, cinemas, art galleries, museums and historical sites.
Situated within the prestigious Double Grammar Zone, nearby schools include Auckland Grammar, Epsom Girls Grammar, Kings School, St Kentigerns School, St Cuthberts College, St Peters, Dilworth and Diocesan School for Girls.

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

This Property will consist of three buildings namely the Higwic Building, the Garden Building and the Hotel and Suites will bring 63 Residential Apartments and 63 Serviced Hotel Apartments.
The development will enhance the current shortage in the residential market while establishing another opportunity for investors to secure maximum returns.

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 6.5% 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.
* Continuity of income
* Up to 6.5% 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

Contact ASAP to register your interest on this fantastic opportunity!