Frankton - Queenstown

214 Ramada Remarkables Park, 24 Hawthorne Drive, Frankton, Queenstown, Otago 9300

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For sale

$320,000 + GST (if any)

Income and enjoyment

This stylish and spacious one bedroom apartment at Ramada Remarkables Park Hotel is fitted with contemporary furnishings and maximise the creative use of space partnered with an elegant, modern design. Owners will enjoy 10 days of free use every year for the life of the lease, allowing enjoyment of both solid investment returns and the opportunity to experience this unique destination.

The apartment investment opportunity at Ramada Remarkables Park Hotel is ideal for investors who are looking for an investment property that has a reputable commercial tenant and a secure return throughout the lease term.

The hotel is two minutes' drive from Queenstown Airport and only seven minutes from the central city. On the doorstep of the hotel is The Remarkables Park Town Centre - which houses a wide range of shops, businesses and restaurants. The hotel is located at the top of the new High Street area, within walking distance to several stores and amenities.

• 34sqm one bedroom apartment
• 10 days free use per annum for owners
• Long lease term with Ramada Management returning $1,517.23 plus GST per month
• Fully furnished apartment
• Option for overseas investors to purchase
• Hotel comprises just 54 premium furnished apartments, gym, restaurant and conference facilities

Price is plus GST if any.

View ebook here: bit.ly/49zIzOv

Property Details

Ref

  • 67027714

Property type

  • Apartment

Floor area

  • 34 sqm

Rates

  • Local Council: $2,993.48
    Regional: $187.27

Capital Value

  • $320,000

Body corp

  • $3,309.23

Location 214 Ramada Remarkables Park, 24 Hawthorne Drive, Frankton, Queenstown, Otago 9300

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