Excellent Investment Opportunity
- 1 Bed
- 1 Bath
This is hassle-free property ownership and an ideal addition to your investment portfolio. On leaseback to the Barclay Suites Hotel,this 45m2 one bedroom in a desirable location on Albert Street, is well managed for you by Barclay who offer a guaranteed return on your investment. Apt 202 features an open plan kitchen, living and bedroom area with modern fittings and furnishings.
The building is FREEHOLD, earthquake compliant with no issues or problems whatsoever with the body corporate.
Located in the inner golden circle closed to Sky City, downtown and all eateries. With long term capital future proofing assured by the current construction of the City Rail Link. In any other developed city where a subway system is built real estate values improve. Get in now before the big jump.
Body Corp fee $3,734.48 (Inc GST) pa (50% of this paid by the hotel)
Rates $1380.35 pa (50% of this paid by the hotel)
Rent received $1892 per month; $24, 596 per annum.
From this you deduct 50% of the rates and the body corporate.
Priced by negotiation and selling inclusive of GST. This unit can be kept in the hotel pool for a further 2 1/2 years or 5 months notice can be given to cancel the hotel lease at any time.