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If you are thinking of investing into properties with guaranteed rental income, come secure this Hotel studio unit presented by Safari Group.
Hotel Unit for sale, studio, 1 bathroom on level 3, floor area: 21m2(approx),
Total Gross Income: $11,500 plus GST per annum (There is rental income variance during the Covid-19 period)
Located in a great position of heart of Manukau City, making the apartment complex very close to local eateries and minutes away from the shopping centre and the new MIT train station and bus stops.
The serviced apartment is ideal for investors who are looking for HASSLE FREE INVESTMENTS giving an annual return with fixed growth throughout
Free hold units with a sharp asking price.
Total Gross Income for each unit = $11,500
Currently there are also options of units 318 and 319 available for purchasing.
-318 - Hotel Room 21m2
-319 - Hotel Room 23m2
HOTEL SERVICED APARTMENTS - This will have a commercial lease to the Ramada franchisee for a maximum term of 30 years with an approximate 5% guaranteed NET return (incl. free-stay allocation) and with a 2% fixed annual rental increase from the end of year 3. Returns are secured by a commercial lease and commercial guarantees.
Price:$228k plus GST if any(but zero rate, sales include the lease).
KEY DETAILS
-Continuous income
-Approximately 5% NET guaranteed return (incl. free-stay with annual rent increase 2%pa growth after year 3
-Rent paid directly into your bank account on a monthly basis
-10 days free use per annum for owners
-A commercial guarantee on rental not a rental guarantee
-Term: 30 years lease based on 15+5+5+5