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014/(Door 006) LQ Hotel, 18 Mountain Ash Drive, Frankton, Queenstown

Managed studio apartment with 5%+ net returns

dollar

$239,000 Plus GST (if any)

Apartment
Apartment
Bedroom
1
Bathroom
1
Floor area
30m2
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Property details

Listing # L39837442 | Listed on 6 May

Step into easy care investment property ownership in Queenstown with a 30-year commercial guarantee which is currently returning approximately 5% + net return. The La Quinta Hotel (LQ) is located in Remarkables Park, one of Queenstown's most active commercial growth areas. Just a short distance to Queenstown Airport and has all amenities right on the doorstep for guests including shopping, restaurants, walking and cycling tracks and much more.

Overseas investors take note - these units are eligible to purchase for overseas buyers and owners will enjoy 10 days free-stay use every year for the life of the lease, allowing enjoyment of both consistent investment returns and the opportunity to experience this unique destination.

Key investment information:

  • Fully furnished 30sqm studio apartment
  • Commercial guarantee on rental over long lease term
  • A 2% annual rental increase
  • Consistent payments paid directly into your bank account on a monthly basis
  • A management franchise with a proven international track record
  • 10 days free use per annum for owners
  • Overseas buyers able to purchase

Price is plus GST (if any)

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Additional features

Rates
Levy: $3,244.3 per annum

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