A hotel unit is a perfectly approachable first step towards owning commercial property and is also a much simpler and cost-effective option than purchasing a retail or office space, where costs can be high and an intimate understanding of leases is often required.
These commercial freehold properties are hotel units that come with a lease in place and are already tenanted by a hotel operator. With the tenant in place, the owner receives a guaranteed monthly income in accordance with the lease agreement. The amount of income is dependent on the type of hotel room purchased. Studio Rooms are priced at $313,933.
No need to worry about finding a tenant or managing the property and you get to enjoy a passive income.
• Freehold sale-able investment
• 10 days free stay accommodation per year
• 2% annual rental increase after year 3, with market reviews every 5 years
• Commercial leases are not subject to the Residential Tenancies Act
• As this is a commercial property, overseas investors (non-residents) can invest in the unit (however they must be GST registered).
• The lease term with the hotel operator is set at 15 years + three 5 years rights of renewal
• Your only outgoings are Body Corporate fees and rates
• Your rental income will be deposited monthly in arrears to your preferred NZ bank account
Studio Hotel Rooms are priced from $313,933. Accessible Rooms and 1 Bedroom Rooms also available.
Purchase Price $313,933
Body Corp $2267 annually
Rates $1300 annually
Rental Income $17,819 annually
Contact us now for more details
