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Property Ref: 32335
Residential Investment Property For Sale in Queenstown
Property Type: Managed Investment Property, Investment Opportunities, Commercial Real Estate, Residential Real Estate, Other Accommodation
Sale Type: Freehold Investment, Freehold Investment - Unit Title
Physical Address: 35-41 Goldfield Heights, Queenstown, New Zealand
Price: $7.4 Million No GST | Joint Family Trusts/Investors 1.85Mil each?
Broker: Adrian ChisholmMobile: +64 21 727 888
Purpose-Built Residential Investment Property in Queenstown
Situated half-way between the Queenstown CBD and Queenstown airport, this unique accommodation complex features four significant units (with unit-titles only days away), offering a total of 32 bedrooms and 16 bathrooms.
Offered at 7.4 million, one million below valuation, our vendor has reduced the price to sell in 2020, giving you the opportunity to earn massive 7.4% returns!
- Freehold Residential Investment Property
- 2,000m² Land title (approx.), currently on one convenient title
- Prime location in Queenstown
- 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 optional vacant possession
- Fixed term tenancy means cashflow gives 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!
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, or cooperate investors keen to get a foothold in Queenstown.
Priced at 7.4 million, four investors, at 1.85 million, could have their own 8 bedroom unit and associated carparks in this stunning scenic playground.
Currently the 32 bedroom complex is leased to one great tenant, 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 and lock in 7.4% return on your money for your 2021. Interested and want to know more? Call Adrian today for full details or register here for access.
If you would like to know more, please register, then navigate to the Documents tab above the main image, and request access, thank you.
Residential Investment Property For Sale in Queenstown
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32335 | Goldfield Heights Queenstown | Valuation I
32335 | Goldfield Heights Queenstown | Valuation II
32335 | Goldfield Heights Queenstown | Title
32335 | Goldfield Heights Queenstown | LIM Report, dated Feb 2020
32335 | Goldfield Heights Queenstown | Tenancy
32335 | Goldfield Heights Queenstown | Unit Title Subdivision Decision
32335 | Goldfield Heights Queenstown | Consented Plans
32335 | Goldfield Heights Queenstown | Building Plans
32335 | Goldfield Heights Queenstown | Floor Plan
32335 | Goldfield Heights Queenstown | Landscaping Plan
32335 | Goldfield Heights Queenstown | Lab Report I
32335 | Goldfield Heights Queenstown | Lab Report II
Property TypeManaged Investment Property
Commercial Real Estate
Residential Real Estate
Sale TypeFreehold Investment
Freehold Investment - Unit Title
Physical Address35-41 Goldfield Heights, Queenstown, New Zealand
Price$7.4 Million No GST | Joint Family Trusts/Investors 1.85Mil each?
Adrian ChisholmPRINCIPAL | Tourism, Hospitality & Leisure Business Broker
Head Office | Otago & Southland
International: +64 21 727 888
NZ Mobile: 021 727 888