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Property Ref: 21151

Exceptional, Near New, Freehold Investment For Sale in Queenstown

Property Type: Investment Opportunities, Other Accommodation, Managed Investment Property, Commercial Real Estate

Sale Type: Urgent Deadline Sales, Freehold Investment

Region: Queenstown

Physical Address: 35-41 Goldfield Heights, Queenstown, New Zealand

Price: FREEHOLD INVESTMENT FOR SALE, asking $7,400,000 (GST inclusive)

Broker: Adrian Chisholm

Mobile: +64 21 727 888

Email: adrian@tourismproperties.com

Strike Gold with this Investment Property in a Prime Location in Queenstown.

Near new 800m² accommodation complex ideal for employers, corporates or a family trust investment, currently showing 7.4% return on an investment of NZD $7.4M – registered valuation currently $8.4M, reflecting our vendors motivation to meet the market. 

New to the market this unique purpose-built, accommodation complex, featuring 32 bedrooms and 16 bathrooms, is currently returning over NZD $10,000 per week!

Key Features:

  • Freehold Property situated on a 2,000m² land title (approx.)
  • Purpose-built complex for Queenstown Accommodation
  • Designed as four pods, each pod is made up of 8 bedrooms & 4.5 bathrooms
  • Perfectly located half way between the Queenstown CBD and Queenstown Airport
  • Currently tenanted through until Nov 2021
  • Vacant possession is optional
  • The building is suitable for unit titling
  • Plus the property features 9 onsite car parks, with consent for more
  • Priced to sell at NZD $1M below registered valuation – call now!

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

The landlord’s opex (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 it is rented out as a residential property, the price is GST inclusive, no GST has ever been claimed.

There is a real opportunity here for the new owner to unit title the business, and put the 4 units into 4 unit titles, and claim the GST on the property.

For more information or to arrange your private viewing, please contact specialist Accommodation Business Broker, Adrian Chisholm, AREINZ, on 021 727 888 or email Adrian@tourismproperties.com.

Queenstown Investment is on the Market

Confidential Documents

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21151 | 315-41 Goldfield Heights Queenstown | IM: Information Memorandum

21151 | 315-41 Goldfield Heights Queenstown | Valuation Information

21151 | 315-41 Goldfield Heights Queenstown | LIM Report, dated Feb 2020

21151 | 315-41 Goldfield Heights Queenstown | Lease Information

21151 | 315-41 Goldfield Heights Queenstown | Title

21151 | 315-41 Goldfield Heights Queenstown | Floor Plan

21151 | 315-41 Goldfield Heights Queenstown | Building Specific Design Plans

21151 | 315-41 Goldfield Heights Queenstown | Consented Plans

21151 | 315-41 Goldfield Heights Queenstown | Landscaping Plan

Property Details

Property Type

Investment Opportunities
Other Accommodation
Managed Investment Property
Commercial Real Estate

Sale Type

Urgent Deadline Sales
Freehold Investment

Region

Queenstown

Physical Address

35-41 Goldfield Heights, Queenstown, New Zealand

Price

FREEHOLD INVESTMENT FOR SALE, asking $7,400,000 (GST inclusive)

Contact Agents

Business Broker Adrian Chisholm

Adrian Chisholm

Principal
Head Office | Lower North Island, Canterbury, Marlborough, Tasman, Upper West Coast, Central Otago, Fiordland & Southland
International: +64 21 727 888
NZ Mobile: 021 727 888

Email: adrian@tourismproperties.com

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