Positive cashflow is the holy grail for investors and this incredible apartment with 5-star amenities offers an amazing 5% net return with no ownership costs. Features include:
- Freehold apartment with the option to use the hotel's room services and on-site facilities (swimming pool, gym, restaurant, bar) subject to the conditions of the hotel lease
- Open-plan living and dining with well-appointed kitchen
- Large double-bedroom, tiled ensuite with shower and bath
- Premium location near the end of The Terrace, within a few minutes' walk of government, the waterfront, the CBD, Victoria University and the Botanic Garden
- Leased to the award-winning Bolton Hotel to 31 January 2025 with two ten-year rights of renewal
- Incredible long-term certainty of return throughout the initial lease period
- Rent subject to CPI adjustment bi-annually provides for future rent increase
- Option to buy with a fixed price $418,600 inc GST or $364,000 zero rated for GST registered buyers
- No Tender, Deadline, Auction - so be quick
We believe this is as maintenance free as you will ever find, with practically zero management input required. We challenge anyone to find a better net return in this current low interest rate, low return environment. If you want a hassle-free investment, with huge cashflow, call now to view.
During Level 1 Lowe & Co Realty will be practicing safe workplace guidelines as issued by REINZ.
Bedrooms: 1 Bedrooms
Bathrooms: 1 Bathroom
Family Room: 1