This stylish and spacious executive one bedroom apartment at Wyndham Garden Hotel boasts dramatic views of the Remarkables mountain range. Fitted with contemporary furnishings, premium floor coverings and quality European kitchen appliances, these architecturally superior apartments maximise the creative use of space partnered with an elegant, modern design.
Owners will enjoy 10 days free-stay use every year for the life of the lease, allowing enjoyment of both premium investment returns and the opportunity to experience this unique destination.
The apartment investment opportunity at Wyndham Garden Hotel is ideal for investors who are looking for an investment property that has a reputable commercial tenant and a secure return with fixed growth throughout the lease term.
The hotel is two minutes drive from Queenstown Airport and only seven minutes from the central city. On the doorstep of the hotel is The Remarkables Park Town Centre - which houses a wide range of shops, businesses and restaurants. The hotel is located at the top of the new High Street area, within walking distance to several stores and amenities.
• One bedroom, one bathroom 38sqm executive apartment
• Convenient Frankton location
• Stunning views of the Remarkables mountain range
• 10 days free use per annum for owners
• A commercial guarantee on rental over long lease term
• Hotel facilities include gym, cafe on the ground level and conference facilities
boundary indicative of complex
Executive Summary
Address 209 Wyndham Gardens, 32 Red Oaks Drive, Frankton
Rates QLDC: $3,487.50 per annum | ORC: $247.79 per annum
CV $350,000
Body Corporate $2911.89 per annum
Management Summary In management pool with long term lease
Return on investment
Commercial guarantee on rental over long lease term - current gross return of $16,500 plus GST per annum
Floor Area 38sqm more or less
Built 2018
Exterior Precast panels, schist
Floor Coverings Carpet
Windows Aluminium joinery, double glazing
Heating Heat pump
Furniture Fully furnished
Aspect South, East
Laundry Part of room
Views Mountains
Other Information
The following information is also available for this property - contact us for your copy.
• Full Pre Contract Disclosure Statement
• Full title
• Last 12 months financial performance
• Body Corporate rules
• AGM minutes
• Chattels list
Copy
Identifier 823343
Land Registration District Otago
Date Issued 06 April 2018
Prior References 823303
Estate Stratum in Freehold
Legal Description Principal Unit 209 Deposited Plan 521083
Registered Owners
Essanen Investments Limited
Supplementary Record Sheet 827200
The above estates are subject to the reservations, restrictions, encumbrances, liens and interests noted below and on the relevant unit plan and supplementary record sheet 10963812.17 Encumbrance to Remarkables Park Limited - 30.1.2018 at 4:27 pm
See Supplementary Record Sheet CT 827192 for DP 521081
Appurtenant hereto is a pedestrian right of way created by Easement Instrument 11046110.8 - 6.4.2018 at 4:02 pm
The easements created by Easement Instrument 11046110.8 are subject to Section 243 (a) Resource Management Act 1991 11550761.5 Mortgage to ASB Bank Limited - 25.9.2019 at 3:46 pm
(d) The notices and minutes of general meetings of the body corporate and the body corporate committee for the previous 3 years:
(i) including all supporting documentation; but
(ii) excluding any information that may be redacted for the reasons specified in regulation 27A(2); are ATTACHED.
(e) The name and contact details of the body corporate manager is as follows: Nico van den Berg nico@sbcltd.co.nz 020 4100 7975
(f) The 12 – month period comprising the current financial year for the purposes of the financial statements of the body corporate are ATTACHED.
(g) The body corporate levies payable for the unit for the current financial year period, 6th April 2023 to 5th April 2024 is $2,911.89 including GST.
(h) (i) The body corporate proposes to carry out NO SPECIFIC maintenance on the unit title development in the next 12 months
(ii) The body corporate proposes to meet the cost of that maintenance – (NIL).
(i) The balance of every fund or bank account held or operated by or on behalf of the body corporate as at the date of the last financial statement being the 19th day of December 2023 are as follows:
(i) Operating account: $3,721.32
(ii) Contingency fund(s) $0
(iii) Long Term Maintenance Fund $0
(iv) Capital Improvement Fund(s) $0
(j) A copy of the long-term maintenance plan [dated the 25th day of September 2019] is ATTACHED:
(k) Any proposed works under the Long-Term Maintenance Plan for the unit title development to be carried out or begun within the next 3 years and the estimated costs of the works –LTMP ATTACHED.
(l) The next review date for the Long-Term Maintenance Plan for the unit title development is 25th September 2023.
(m) Any remediation reports commissioned by the body corporate within the preceding three years are ATTACHED (NIL).
(n) A summary of the insurance cover the body corporate maintains for the unit title development, including –
