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102-342/20 Park Avenue, Ellerslie, Auckland, 1 Bedrooms, 1 Bathrooms, Unit
New build

$252,680

102-342/20 Park Avenue, Ellerslie, Auckland

1
1
24m2
UnitListed on Fri Oct 13
Open Homefirst home buyer under 800000Brand new
$1,501/Monthly repayments
Based on estimate value
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Ellerslie 1 Bedroom HASSLE-FREE INVESTMENT - ELLERSLIE HOTEL UNITS

Hassle-Free Hotel Investment Units Now Available for Sale!

Imagine buying a solid investment property and receiving a COMPLIMENTARY 10-DAY STAY at one of New Zealand's best Hotel Service Providers!

Key Details about the Units for Sale:

• Ready-to-Earn: Each unit is sold with an existing lease.

• Long-Term Lease: Lease agreements with the hotel operator span 15 years, with options for three 5-year renewals.

• GST Considerations: Purchases of this commercial asset are GST zero-rated.

• Minimal Outgoings: The only expenses incurred are Body Corporate fees and property rates.

Investment Highlights:

• Freehold Investment Opportunity: Units can be sold at the owner's discretion.

• Accommodation Perks: Owners can enjoy up to 10 days of free stay each year.

• Rental Growth: A 2% annual rental increase is anticipated after the third year, with market reviews every five years.

• Commercial Lease Advantage: Leases are not governed by the residential tenancies act.

• Cost-Effective Investment: The investment value is significantly lower than that of residential properties.

• Overseas Investors Welcome: Non-residents can invest, provided they are GST registered.

• Steady Income: Rental revenue is transferred monthly in arrears to an NZ bank account of choice.

Potential investors can initiate a commercial freehold property investment starting at $252,680. CALL US TODAY!!

*The photos shown in this listing may include images from different lots of the same product or property.

Location

Estimate update: 2024 05Data Disclaimer
Due to limited data samples, we are unable to provide estimating information for this property
Due to limited data samples, we are unable to provide estimating information for this property
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School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
One Tree Hill College
0.23 km
Secondary
9-15
Government
Co-Educational
EQI: 474
3
Ellerslie School
0.54 km
Primary
1-8
Government
Co-Educational
EQI: 377
9
Baradene College
4.17 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 372
9

For developers

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Ref:L25110309Last update:2024-04-08 23:05:38