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Harcourts Queenstown, (Licensed: REAA 2008)
Kate Law Kate Law

207/18 Mountain Ash Drive, Frankton

Asking price $265,000

Listing Description

Listed: Wed, 14 Feb

Investment Opportunity - Act Now

207/18 Mountain Ash Drive, Frankton, Queenstown-Lakes, Otago

Asking price $265,000

Details

  •   1 Bed
  •   1 Bath
  •   30m² Floor
AttributeValue
Property type
Unit
Capital value (CV)
$310,000
Agency reference
QT24823
Broadband in the area Wireless

Description

Our overseas owner has enjoyed the guaranteed returns this Studio Hotel Room provides, here is your chance for a hands off investment and enjoy holidays in Queenstown!.

Designed and delivered by Safari Group, located in ever popular Frankton at the foot of the Remarkables and completed in December 2020, the LQ Hotel delivers contemporary accommodation in a stunning alpine setting. Under the expert management of the world's largest hotel group - Wyndham, you can rest assured your investment is in the safest possible hands.

Each architecturally designed studio hotel apartment is superbly finished and is fitted with contemporary furnishings, premium floor coverings, individually controlled air-conditioning, LED television, quality European kitchen appliances and washing machine/dryer.

Positioned on the second floor this north facing self-contained Studio Apartment offers views of Coronet Peak and plenty of space for business trips or weekend getaways while delivering guaranteed income as part of the lease agreement with Wyndham.

  • Fully furnished, Unit Title
  • 28-30m2 Studio Hotel Apartment with kitchenette and laundry facilities
  • Lease term: 30 years (15+5+5+5 commercial lease) - commenced 2020
  • Guaranteed annual income of $18,360+ GST with 2% annual increases in place
  • 10 days free owner use per annum

The LQ by Wyndham is a 4-star hotel just a few minutes from Queenstown Airport and next to the Remarkables Park Shopping Centre. Hotel Amenities include reception, café, gym, ski & bike storage, mountain transport, free parking and free wi-fi.

Price: $265,000 (+ GST if any)

Priced for immediate action, get in touch now for the full information pack and to arrange a viewing.


Open home times

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Harcourts Queenstown, (Licensed: REAA 2008)
Kate Law

Kate Law


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Agent's details

Kate Law

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Harcourts Queenstown, (Licensed: REAA 2008)

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