Offlined
LQ Parnell comprises of 28 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.
Three Hotel Carparks are also available for purchase.
Key Terms:
- 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
- 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.
This project offers varieties of units at different price levels, Contact Chris today for more detailed information.
*Disclaimer: The information has been prepared using information derived from the developer and is intended as a guide only and may be subject to change without notice.