Listing #:1681160843

FREEHOLD INVESTMENT UNDER WYNDHAM HOTEL - 8 YE...

Location: 32 Red Oak Drive, Town Centre, Queenstown­-Lakes, Otago
Property use: Retail
Floor area: 159m2
Price: Asking price $2,187,000 + GST (if any)
Brand new and just opened, Frank's Pantry is the second location of this all-time, busy eatery and bar brand, run by an experienced Kiwi couple who have owned a number of award winning cafes and restaurants. The tenant has committed to a long term, eight year initial lease term and invested considerably in the fitout of the premises. Since their opening in mid June, the business has had a phenomenal amount of visitors and so far has exceeded all expectations.

If you are a bit of a foodie you will appreciate this phenomenal long term tenanted investment with all the bells and whistles as part of a brand new building, the Wyndham Remarkables in Queenstown.

The Wyndham is located just off the main road, Hawthorne Drive, and is only a walk away from the shopping centre, airport and a new entertainment precinct, such as Chipmunks, indoor trampoline park, go-carts, karate, indoor golf centre etc.

Once you land at Queenstown Airport, you will most likely spot the Wyndham and the Ramada building from your flight and you could practically walk over there from the airport.

Enquire about this sensational tenanted investment now and become the new landlord of this phenomenal eatery that the whole of Queenstown is raving about!

KEY FEATURES:
• Part of the new Wyndham Hotel Remarkables Park, completed in 2018 to latest earthquake standards
• Frank's Pantry is the anchor tenant situated in the road frontage unit with an opening to the hotel's lobby and entrance
• The tenant, Frank's Pantry, has phenomenal online reviews and feedback
• Secure long term investment with guarantors, bank guarantee and proven operators
• 8 year initial lease term and annual rent increases
• Tenant is paying the market rental for brand new retail and all outgoings in addition to the rent

Agency reference #: 78801
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Asking price: $2,187,000 + GST (if any)
32 Red Oak Drive, Town Centre, Queenstown-Lakes, Otago
Asking price: $2,187,000 + GST (if any)
Listed: Thu 28 Jun, 3:48 pm
Brian Paulin
Barfoot & Thompson MREINZ North Shore Commercial MREINZ, (Licensed: REAA 2008)
  • Contact details
  •  (027) 4481321

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Agent's details

Brian Paulin
  •  (027) 4481321
Barfoot & Thompson MREINZ North Shore Commercial MREINZ, (Licensed: REAA 2008)
(09) 4893880
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Expires: Tue 1 Jan, 5:06 pm
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