Invest for Less
This stylish and spacious apartment at Ramada Remarkables Park Hotel is fitted with contemporary furnishings, 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 Ramada Remarkables Park Hotel is ideal for investors who are looking for an investment property that has a reputable commercial tenant and a secure return 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.
Price is plus GST (if any).
• 28sqm studio apartment
• 10 days free use per annum for owners
• Long lease term with Ramada Management returning $1,348.48 per month
• Fully furnished by Ramada Hotel
• Hotel comprises just 54 premium furnished apartments, gym, restaurant and conference facilities
Executive Summary
Address Unit 115 Ramada Remarkables, 24 Hawthorne Drive, Frankton, Queenstown
Rates QLDC: $3,070.60 per annum | ORC: $203.42 per annum
Body Corporate
$2,630.47 per annum
CV $190,000
Floor Area
28m² more or less
Built 2016
Floor Coverings Carpet, tiles
Windows Aluminium joinery, double glazing
Heating Air conditioning
General Features Central location
Aspect East
Laundry Part of bathroom
Views Mountain
Parking On site parking available on a first in first served basis
Other Information
The following information is also available for this property - contact us for your copy.
• Record of Title
• Management Agreement
• Pre-Contract Disclosure Statement
Frankton
Frankton was founded in 1863 during the gold rush, with the earliest of the residential housing built between 1910 - 1920. Most of the houses we see today were constructed in the 1990s, but the town still hides many historic gems scattered around the area. Frankton today is a very popular place to buy or rent due to its easy access to shopping, cafés and restaurants, excellent schooling of all levels, mountain views and yearround sun. Frankton is also home to the Remarkables Park Shopping Centre, Queenstown Central and Five Mile Shopping Centre and multiple supermarkets and big-box retailers, as well as a host of commercial and industrial amenities. Queenstown International Airport is also located here and Frankton plays host to the public transport hub, with Frankton Bus Shelter at the heart of the suburb. To top it all off, locals can enjoy Frankton Bay, which is an incredibly popular spot to relax or enjoy watersports in the warmer months. It is also a beautiful place to simply sit and take in the stunning views down the Frankton Arm of Lake Whakatipu.
RECORD OF TITLE UNDER LAND TRANSFER ACT 2017
UNIT TITLE
Guaranteed Search Copy issued under Section 60 of the Land Transfer Act 2017
Identifier 736716
Land Registration District Otago
Date Issued 03 June 2016
Prior References
736700
Estate Stratum in Freehold
Legal Description Principal Unit 115 Deposited Plan 497989
Registered Owners
Hui Li
Supplementary Record Sheet 741006
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
10059351.6 Encumbrance to Remarkables Park Limited - 14.7.2015 at 5:07 pm
Appurtenant hereto is a pedestrian access easement created by Easement Instrument 10404894.12 - 3.6.2016 at 5:43 pm
The easements created by Easement Instrument 10404894.12 are subject to Section 243 (a) Resource Management Act 1991
Client Reference acuebillas001
Meet our team.
Queenstown Residential
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Anna Wang Sales Consultant 027 788 8696
Doug Reid
Sales Consultant 027 431 3278
Jesse Johnston Sales Consultant 027 733 7755
Nicole Bell Sales Consultant 021 898 326
Richie Heap Sales Consultant 021 500 815
Vicky Tomich Sales Consultant 021 0265 5092
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