Listed: Thu, 23 Mar

Hands Off Investment - Guaranteed Returns

10/18 Mountain Ash Drive, Frankton, Queenstown-Lakes, Otago

Asking price $210,000

1 Bed
1 Bath
22m² Floor

Other Features

1 Separate toilet

Attribute	Value
Property type	Unit
Capital value (CV)	$220,000
Agency reference	QT7486
Broadband in the area	Wireless

Our out-of-town owners have enjoyed owning their architecturally designed Studio Hotel Room due to the handy location just minutes from Queenstown Airport and Remarkables Ski Field access road! With a change in circumstances, this is surplus to requirements and is priced for an immediate sale.

Well finished and fitted with contemporary furnishings, premium floor coverings, individually controlled air-conditioning, LED television, tea and coffee facilities and a shower en-suite - LQ hotel rooms have been designed with comfort in mind.

Delivered by Safari Group in 2020, the La Quinta by Wyndham in Remarkables Park, offers contemporary accommodation and is perfectly positioned in the heart of Frankton. The location of this ground floor room allows views of the Remarkables Mountain Range and with experienced hotel operators in place, you can be assured your investment is well managed.

The Room offers a contemporary space for your business trips or weekend getaways while delivering guaranteed income as part of the lease agreement with La Quinta by Wyndham.

Fully furnished, Stratum in Freehold (Unit) Title
Studio Hotel Room with tea and coffee making facilities
Lease term: 30 years (15+5+5+5 commercial lease) - Lease commenced November 2020
Guaranteed annual income with 2% annual increases from year 3
10 days free owner use per annum

All guests have free unlimited Wi-Fi, access to the Gym and complimentary on-site parking is available. La Quinta by Wyndham Queenstown is on the doorstep of Remarkables Park Town Centre with a wide range of shops and restaurants that also includes a Pharmacy and a major supermarket. The independently owned and operated Frank's Market for your food and beverage requirements is on site and the hotel is located just three minutes' drive from Queenstown Airport and only 15 minutes from central Queenstown.

$210,000 (+ GST if any)

With guaranteed returns at this level, don't let this investment opportunity pass you by! Call Kate today for more information.