Ad ID: 58968 Inactive

Freehold Investment in Accommodation Property Business for Sale Hamilton

Unique freehold investment in accommodation property, Hamilton, New Zealand - Unique opportunity in brilliant location and opportunity to be part of a winning formula in the accommodation sector.


Business for Sale Description

Freehold Investment in Accommodation Property Business for Sale Hamilton

Boutique development of 12 brand new, fully self-contained and furnished studio apartments - Freehold Investment opportunity that is deserving of your interest!

Each apartment will be fully equipped with everything the professional will need for their stay. The developer has already created several visitor accommodation complexes in Hamilton, so they know what medium-term tenants want.

Their near 100% occupancy rates prove that they have the winning formula.

Property details: Approx. 690m2 land 12 stylish, fully-furnished apartments over 2 levels One designated car park per apartment, plus one visitor space Each apartment has a kitchen with ceramic hob, large microwave with oven and grill functionality (3 in 1), rangehood, stainless steel sink, breakfast bar with 2 barstools, toaster, kettle, crockery & cutlery etc. Double bed, wardrobe, 2 seater couch or armchair Flat screen LED HD TV, wall-mounted - 40” screen or larger One data point per room Wired for Freeview TV and pre-wiring for Sky, including Freeview aerial and Sky Dish 2 apartments are disabled access, complete with wet area showers and disabled car parks Outdoor table & chairs for ground floor apartments Wall-mounted convection heater Communal fully-equipped laundry LED interior and exterior lighting, providing substantial long-term power savings RFID security card readers for the front doors, individual keys to each apartment 24hr CCTV cameras recording to a hard drive Well-lit car parks and public areas




Business Resources

The Investment Proposition: The total property, equipped and furnished, is for sale off-plan at $2,750,000 including GST Gross rental income is projected at $280-$290 a week: say $14,500/year per apartment totalling approx $175,000.

The developer’s similar properties are successfully rented by professional property managers. Adding the services of a Body Corporate Manager is another option to allow a hands-off investment. Residences on Beatty offers a rare investment flexibility: as the apartments are unit titled, the investor can choose to on-sell individual units at any time, freeing capital for other purposes. 10% deposit is required on satisfaction of due diligence, with settlement 5 working days after the issue of Code Compliance Certificate and Title Planned completion date is 5 months from commencement of construction

The concept is proven, successful and deserving of your interest. A detailed information memorandum is available to qualified enquirers.

Please contact me now.

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