Central Queenstown entry level investment5% net return
As the company's flagship property in New Zealand, Ramada Queenstown Central Hotel is perfectly positioned in the heart of Queenstown.
This stylish apartment is fitted with contemporary furnishings, premium floor coverings and quality European kitchen appliances These architecturally superior apartments maximise the creative use of space partnered with an elegant, modern design.
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.
Soak up the sun and mountain views from this third-floor unit and the handy location puts you just a stone's throw away from the Queenstown CBD, making it easy to get around and enjoy all that Queenstown has to offer.
Price is plus GST if any
• 28sqm Studio apartment
• Commercial guarantee on rental over long lease term
• Potential option for overseas buyers to purchase
• Convenient location to Queenstown CBD
• Fully furnished apartment
• 10 owner usage days per annum for holidays
• Stratum in Freehold (Unit title)
• Hotel comprises 131 premium furnished apartments, gym, restaurant and conference facilities
Executive Summary
Address: 324 Ramada Queenstown, 18-24 Frankton Road
Rates:
Body Corporate: $2,484.61 per annum
QLDC: $3,638.77 per annum
ORC: $220.03 per annum
CV: $315,000
Floor Area: 28m² more or less
Built: 2019
Exterior: Precast concrete, Zincalume and Schist
Floor Coverings: Vinyl and Carpet
Windows: Aluminium joinery, double glazed
Heating: Heatpump
Aspect: North, west
Laundry: Part of bathroom
View: Mountain
The following information is also available for this property – contact us for your copy.
The town centre has extremely sought-after housing There’s ample property within walking distance of town, with residences ranging from luxury apartments to family homes on high-value land and rental properties occupied by multiple tenants.
Prices in the town centre prove consistently strong, particularly properties with sought-after zoning and the ability to build more than one unit onsite. House prices remain largely immune to the area’s seasonal trends, with high tenancy demand and consistent returns
Colliers Otago’s residential sales team provide leading property sales and marketing services with an established track record and unrivalled teamwork.
We think global and act local, with strong regional knowledge and connections across all property sectors. Our residential team is focused on adding value to our clients’ investment decisions. We are market leaders in research, allowing a unique, knowledge- based approach to buying and selling. As the largest multi-service real estate professionals in Otago and Southland, we have specialists working in residential property, commercial sales and leasing, tourism brokerage, valuation and advisory With offices in Queenstown, Wanaka, Cromwell and Dunedin, we can cater for your specific real estate requirements - strengthened by our national & international Colliers network