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

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.