nzbizbuysell.co.nz/97921
Ad ID: 97921

Residential Investment Property Business for Sale Queenstown

Finish 2020 strong & lock in 7.4% returns for your 2021. Freehold or Unit-title. Interested & want to know more? Call now

Location:
Asking:
$7,400,000
No GST | Joint Trusts/Investors 1.85Mil each?

Business for Sale Description

Residential Investment Property Business for Sale Queenstown

Purpose-Built Residential Investment Property in Queenstown

This unique accommodation complex offers a total of 32 bedrooms and 16 bathrooms, across four large units, which are currently all under one title, with the option of unit-titles being available to the new owner(s). Our vendor has reduced the price to sell in 2020, giving you the opportunity to earn massive 7.4% returns! Be savvy and make an offer today!

KEY FEATURES

  • Offered at 7.4 million – One million below valuation!
  • Freehold Residential Investment Property
  • Currently on one title, with unit-title option available
  • Prime location in Queenstown
  • 2,000m² Land title (approx.)
  • Purpose-built 800m² complex
  • 4 units: each with 8 bedrooms & 4.5 bathrooms
  • Onsite car parks for 9 vehicles, with consent for more
  • Currently tenanted, with vacant possession optional
  • Fixed term tenancy gives cashflow certainty
  • Sell price is GST inclusive (with opportunity to claim GST back)
  • Secure your 7.4% ROI in 2021 on a 7.4mil investment today!

QUEENSTOWN IS ON THE UP

The October 2020 REINZ Report shows Queenstown prices have increased 8.2% in three months, and medians are up 22% year on year for Otago, some of the highest increases across the country.

Returning over $10,000 per week this is the perfect opportunity for an astute investor, or group of investors, to capture a significant freehold property in Queenstown.

With a registered valuation of 8.4 million this property is ideal for:

  • Family Trusts – one unit for each beneficiary?
  • Employers – as employee accommodation?
  • Corporate investors – are you keen to get a significant foothold in Queenstown?

Priced at 7.4 million, four investors, at say 1.85 million, could have their own 8 bedroom unit and associated carparks in this stunning scenic playground. That’s enough room for the whole extended family to come together and enjoy everything Queenstown has to offer, across every season!

LEASE DETAILS:

Currently the 32 bedroom complex is leased to one fantastic tenant who would like to remain, and the lease continues through until November 2021 at a rent of $10,500 per week, or $546,000 per year.

As part of the sale, the vendor will guarantee the current monthly rental until the expiry of the current tenancy agreement in Nov 2021*.

The landlord’s operating expense includes rates & insurance, and a small amount of garden maintenance annually, amounting to approximately $16,000 per year.

As this is a residential complex and is rented out as a residential property, the price is GST inclusive, and no GST has ever been claimed. There is a great opportunity here to put the 4 units into 4 unit titles and claim the GST on the property.

FINISH 2020 STRONG

Lock in 7.4% return on your money for your 2021. Interested and want to know more? Register now for full access or call Adrian today.

Please contact specialist Investment Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.

Business Resources

FOR MORE INFORMATION PLEASE SEE:

https://www.tourismproperties.co.nz/for-sale/investment-opportunities/residential-investment-property-for-sale-in-queenstown/

Adrian Chisholm | Principal Tourism, Hospitality & Leisure Business Broker 

  • International: +64 21 727 888
  • NZ Mobile: 021 727 888
  • Email: adrian@tourismproperties.com

PROPERTY ID: 32335

Interested In This Opportunity?

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Contact: Adrian Chisholm

Adrian Chisholm

021727888
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