As the company’s flagship property in New Zealand, Ramada Queenstown Central hotel is perfectly positioned in the heart of Queenstown. This stylish and spacious apartment is 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 here 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. It is currently returning a gross amount of $1,844.55 per month.
The hotel is a five minute walk to central Queenstown and all the restaurants, bars, shopping and the raft of activities to fill your free time.
Price is plus GST if any.
• One bedroom, one bathroom 33sqm apartment
• Convenient central city location
• 10 days free use per annum for owners
• Stratum in Freehold Unit title
• A commercial guarantee on rental over long lease term
• Hotel comprises 131
apartments, gym, restaurant and conference facilities
Rates QLDC: $3,480.34 per annum | ORC: $274.88 per annum
CV
Body Corporate
Management summary
Return on investment
Floor Area
$315,000
$1133.92per annum
The property is branded and franchised by Wyndham Hotel Group under the Ramada brand
Currently returning a gross amount of $1808.38 per month
33 sqm more or less
Built 2019
Exterior
A mixture of pre-cast concrete, zincalume and schist
Floor Coverings Carpet, tiles
Windows Double glazed
Heating Electric
Furniture
Furniture schedule available
Aspect South, west
Laundry Within bathroom
Views Lake, mountain, Queenstown CBD
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
Queenstown
The town centre has extremely sought-after housing. There’s ample property within walking distance of town, with residences ranging from luxury apartments to family homes on high-value land and rental properties occupied by multiple tenants.
Prices in the town centre prove consistently strong, particularly properties with sought-after zoning and the ability to build more than one unit onsite. House prices remain largely immune to the area’s seasonal trends, with high tenancy demand and consistent returns.
Colliers Otago
Colliers Otago’s residential sales team provide leading property sales and marketing services with an established track record and unrivalled teamwork. We think global and act local, with strong regional knowledge and connections across all property sectors. Our residential team is focused on adding value to our clients’ investment decisions. We are market leaders in research, allowing a unique, knowledge-based approach to buying and selling. As the largest multi-service real estate professionals in Otago and Southland, we have specialists working in residential property, commercial sales and leasing, tourism brokerage, valuation and advisory. With offices in Queenstown, Wanaka, Cromwell and Dunedin, we can cater for your specific real estate requirements - strengthened by our national & international Colliers network.
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