About this property
Income $16,000 yr, (including free-stay value)
Century21 Darrak Realty Ltd is pleased to offer another unique property development from renowned apartment developer Safari Group.
The Serviced Apartments are branded and franchised by Wyndham Hotel Group, the world's largest hotel group, under the Ramada brand.
Offer investors within the Serviced Apartment Hotel the opportunity of a commercial lease to the Ramada franchisee for a maximum term of 27 years with up to 5 % guaranteed gross return (incl free-stay allocation) . Returns are secured by a commercial lease and commercial guarantees.
* Continuity of income
* Term: 27 years based on 12 + 5 + 5 + 5 years
* A franchisee with a proven international track record
* Over 5 % guaranteed gross return paid directly into your bank account on a monthly basis
* A 2% annual rental increase
* 10 days free use per annum for owners
* A commercial guarantee on rental
* Great entry level pricing for investors looking for property with a long term lease in place
* A hands off, hassle free investment with minimal owner input required
A fantastic opportunity to buy investment property.
Fully furnished, fully serviced apartments will be positioned in a prime spot located just off Oteha Valley road, plus amenties are at your front door!
The Park-n Ride bus terminal and Northern Motorway on ramp are close by and a short drive to the beaches of East Coast Bays.
CURRENT IMPORTANT FACTS
* New Zealand has no stamp duty
* There are no estate or death taxes
* New Zealand is a politically stable, peaceful nation.
Call NOW for viewing instruction or for more information.