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3 / 24-26 Frankton Road, Queenstown

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Property Details

$280,319

ID: 419817
Council Rates: $883.00
Strata Rates: $900.00
Building Area: 21

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Hotel Roon Apartment.

Century21 Darrak Realty Ltd is pleased to offer another unique property development from renowned apartment developer Safari Group.
Ramada Queenstown located in the heart of the the famous Queenstown centre.
You can secure your Ramada Queenstown apartment with a 10% deposit (New Zealand resident) or 20% (where the purchaser is not a New Zealand resident).

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 6.67% 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 $280,319 Hotel Room to $311,703 Studio

Call Ivan on 022 616 9913 for more information.

(Photography is for marketing purposes only)