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Christchurch Central, 106/268 Tuam Street

Fully Furnished with 30 Years Guaranteed Return

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Sold
Sold
Listing Number: CR36875
About this listing

SOLD - This listing was sold in July 2019.

This FREEHOLD studio apartment investment opportunity at Christchurch Ramada is ideal for investors who are looking for an investment property that has a reputable commercial tenant and a secure gross return.

These architecturally designed executive studios maximise the creative use of space partnered with an elegant, modern design. The quality kitchen and bathroom fittings provided are equal with a luxury hotel and the units are well stocked with kitchenware for self catering purposes.

Flat screen TVs and high speed internet access of a forward thinking and rewarding commercial environment.

FREEHOLD OWNERSHIP WITH KEY LEASE TERMS AS FOLLOWS:

- Term: 30 years based on 15 + 5 + 5 + 5

- Reviews: 2% (compounding) increase starting after January 2018

- Current rent: $14,560+GST pa

- No management fees, no hidden costs

Ramada Profile
Ramada is part of the Wyndham Hotel Group - the world's largest and most diverse hotel company, encompassing more than 7,190 hotels and 609,600 rooms in 66 countries around the globe.

Through its long operating history and proven track record in new product development, Wyndham has not only created a wide range of accommodations, but more importantly a platform for synergistic growth amongst and between its business units, that no single competitor can match.

For any hotel, being under franchise by Wyndham Hotel Group, the property will benefit not only from
the traditional Hotel Group expertise and distribution, but from the wider Wyndham business model in an abundance of areas.
Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same
Property Information
  • Property Type: Unit, Apartment
  • Tenure: Stratum in freehold
  • Kitchen: Original

Contact Details

Harcourts City Christchurch

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Ave
Christchurch
Office website

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