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RE/MAX Revolution, (Licensed: REAA 2008)
Onkar Sidhu Onkar Sidhu

102-342/20 Park Avenue, Ellerslie

Asking price: $252,680

Listing Description

Listed: Fri, 13 Oct

HASSLE-FREE INVESTMENT - ELLERSLIE HOTEL UNITS

102-342/20 Park Avenue, Ellerslie, Auckland City, Auckland

Asking price $252,680

Details

  •   1 Bed
  •   1 Bath
  •   24m² Floor
AttributeValue
Property type
Apartment

Description

Hassle-Free Hotel Investment Units Now Available for Sale!

Imagine buying a solid investment property and receiving a COMPLIMENTARY 10-DAY STAY at one of New Zealand's best Hotel Service Providers!

Key Details about the Units for Sale:

  • Ready-to-Earn: Each unit is sold with an existing lease.
  • Long-Term Lease: Lease agreements with the hotel operator span 15 years, with options for three 5-year renewals.
  • GST Considerations: Purchases of this commercial asset are GST zero-rated.
  • Minimal Outgoings: The only expenses incurred are Body Corporate fees and property rates.

Investment Highlights:

  • Freehold Investment Opportunity: Units can be sold at the owner's discretion.
  • Accommodation Perks: Owners can enjoy up to 10 days of free stay each year.
  • Rental Growth: A 2% annual rental increase is anticipated after the third year, with market reviews every five years.
  • Commercial Lease Advantage: Leases are not governed by the residential tenancies act.
  • Cost-Effective Investment: The investment value is significantly lower than that of residential properties.
  • Overseas Investors Welcome: Non-residents can invest, provided they are GST registered.
  • Steady Income: Rental revenue is transferred monthly in arrears to an NZ bank account of choice.

Potential investors can initiate a commercial freehold property investment starting at $252,680. CALL US TODAY!!

*The photos shown in this listing may include images from different lots of the same product or property.


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RE/MAX Revolution, (Licensed: REAA 2008)
Onkar Sidhu

Onkar Sidhu

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Agent's details

Onkar Sidhu

Onkar Sidhu

Surend Prasad

Surend Prasad

Enquire about the property

RE/MAX Revolution, (Licensed: REAA 2008)

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