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102-342/20 Park Avenue, Ellerslie, Auckland City, Auckland, 1 Bedrooms, 1 Bathrooms, Unit
Sat Jan 18 13:45-14:15
New build

$252,680

102-342/20 Park Avenue, Ellerslie, Auckland City, Auckland

1
1
24m2
UnitListed on Fri Oct 13
Nearby train station

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

Open homes

Jan18
Saturday13:45 - 14:15
Jan25
Saturday13:45 - 14:15
Feb01
Saturday13:45 - 14:15
Feb08
Saturday13:45 - 14:15
Feb15
Saturday13:45 - 14:15
Feb22
Saturday13:45 - 14:15

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

Unitary plan:-
Land:-
Title:-

Surrounding facilities

Park Avenue Neighborhood and Surrounding Data

Mortgage

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Ref:L25110309Last update:2025-01-13 11:50:32