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LQ Parnell comprises of 54 premium furnished Hotel units with excellent benefits for investors. The hotel investment opportunity at LQ Parnell is ideal for investors who are looking for an investment property that has a reputable commercial tenant and a secure return of up to 5.6% (gross) with fixed growth throughout the lease term.
Key Benefits:
· Freehold sale-able investment
· 10 days free stay accommodation per year
· 2% annual rental increase after year 3, with market reviews every 5 years.
· Your rental income will be deposited monthly on arrears to your preferred NZ bank account.
Key Details:
· The unit is purchased with a lease in place
· 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.