Investment - Long Term Fixed Lease

Here is an opportunity for a savvy investor. Freehold ownership with key lease to the Ramada Suites (part of the Wyndham Hotel Group with more than 850 hotels across 60+ countries) Term of lease being 30 years from inception based on 15 + 5 + 5+ 5 of which 23 years remaining. NO management fees = NO hidden costs. Current rental income of $35,903.88 per annum GST inclusive. Which equates to 9% Gross return on investment at current asking price.

With the country's borders open for travel and the Christchurch Stadium getting the thumbs up, this is a spectacular opportunity to own a hassle-free, long-term commercial investment in the heart of the innovation precinct & SALT district of Christchurch.

Number 502 located on the top floor of Ramada Suite, offers an architecturally designed, fully managed boutique apartment:

· 45m2 consisting of 2 bedrooms

· Both bedrooms ensuite to the bathroom

· Full kitchen with stove top/oven, dishwasher, fridge &multi-function microwave

· Laundry with washer/dryer

· Enclosed balcony with opening windows

· Free uncapped ultra-speed WIFI

· Onsite parking

Located in the heart of the inner city, and opposite the new Christchurch Stadium site, the location appeals to tourists and those travelling for business with an array of cafes, restaurants, shopping and the CBD all on your doorstep.

For any hotel, being under franchise by Wyndham Hotel Group, the property will benefit not only from the traditional Hotel Group expertise and distribution, but from the wider Wyndham business model in an abundance of areas.

If you are a savvy investor wanting a low maintenance rental, then look no further as this will be for you!

Viewing by appointment only. Watch our video tour in the link provided.

To download the property files for this property, please copy the below link into your web browser: https://www.propertyfiles.co.nz/MET36447