Sold
502/268 Tuam Street,
Christchurch Central, Christchurch City
NZD 402,000
Property details
-
Agents
Ray White Metro: Metro Team Ltd Licensed (REAA 2008)
. Cnr Riccarton & Waimairi Roads, Upper Riccarton Christchurch City 8041
-
Investment - Long Term Fixed Lease
Here is an opportunity for a savvy investor. Freehold ownership with key lease to the Ramada Suites (part of the Wyndham Hotel Group with more than 850 hotels across 60+ countries) Term of lease being 30 years from inception based on 15 + 5 + 5+ 5 of which 23 years remaining. NO management fees = NO hidden costs. Current rental income of $35,903.88 per annum GST inclusive. Which equates to 9% Gross return on investment at current asking price.
With the country's borders open for travel and the Christchurch Stadium getting the thumbs up, this is a spectacular opportunity to own a hassle-free, long-term commercial investment in the heart of the innovation precinct & SALT district of Christchurch.
Number 502 located on the top floor of Ramada Suite, offers an architecturally designed, fully managed boutique apartment:
· 45m2 consisting of 2 bedrooms
· Both bedrooms ensuite to the bathroom
· Full kitchen with stove top/oven, dishwasher, fridge &multi-function microwave
· Laundry with washer/dryer
· Enclosed balcony with opening windows
· Free uncapped ultra-speed WIFI
· Onsite parking
Located in the heart of the inner city, and opposite the new Christchurch Stadium site, the location appeals to tourists and those travelling for business with an array of cafes, restaurants, shopping and the CBD all on your doorstep.
For any hotel, being under franchise by Wyndham Hotel Group, the property will benefit not only from the traditional Hotel Group expertise and distribution, but from the wider Wyndham business model in an abundance of areas.
If you are a savvy investor wanting a low maintenance rental, then look no further as this will be for you!
Viewing by appointment only. Watch our video tour in the link provided.
To download the property files for this property, please copy the below link into your web browser: https://www.propertyfiles.co.nz/MET36447
With the country's borders open for travel and the Christchurch Stadium getting the thumbs up, this is a spectacular opportunity to own a hassle-free, long-term commercial investment in the heart of the innovation precinct & SALT district of Christchurch.
Number 502 located on the top floor of Ramada Suite, offers an architecturally designed, fully managed boutique apartment:
· 45m2 consisting of 2 bedrooms
· Both bedrooms ensuite to the bathroom
· Full kitchen with stove top/oven, dishwasher, fridge &multi-function microwave
· Laundry with washer/dryer
· Enclosed balcony with opening windows
· Free uncapped ultra-speed WIFI
· Onsite parking
Located in the heart of the inner city, and opposite the new Christchurch Stadium site, the location appeals to tourists and those travelling for business with an array of cafes, restaurants, shopping and the CBD all on your doorstep.
For any hotel, being under franchise by Wyndham Hotel Group, the property will benefit not only from the traditional Hotel Group expertise and distribution, but from the wider Wyndham business model in an abundance of areas.
If you are a savvy investor wanting a low maintenance rental, then look no further as this will be for you!
Viewing by appointment only. Watch our video tour in the link provided.
To download the property files for this property, please copy the below link into your web browser: https://www.propertyfiles.co.nz/MET36447
Explore the area
School catchments
- Catholic Cathedral College Secondary Years 7-15 State integrated 0.34km
- Ao Tawhiti Unlimited Discovery Composite Years 1-15 State 0.60km
- Christchurch East School Full primary Years 1-8 State 0.77km
- St Michael's Church School Full primary Years 1-8 Private 0.84km
- St Mary's School (Christchurch) Full primary Years 1-8 State integrated 1.4km
- The Cathedral Grammar School Full primary Years 1-8 Private 1.5km
- Christ's College Secondary Years 9-15 Private 1.5km
- Waltham School Full primary Years 1-8 State 1.5km
- Te Puna Wai o Waipapa - Hagley College Secondary Years 9-15 State 1.7km
- Te Aratai College Secondary Years 7-15 State 1.9km
- TKKM o Waitaha Composite Years 1-15 State 2.0km
- St Mark's School (Christchurch) Full primary Years 1-8 State integrated 2.3km
- Christchurch South Karamata Intermediate School Intermediate Years 7-8 State 2.4km
- Hillview Christian School Composite Years 1-15 State integrated 2.4km
- Te Pā o Rākaihautū Composite Years 1-15 State 2.4km
- Addington Te Kura Taumatua Primary Years 1-6 State 2.4km
- St Margaret's College Composite Years 1-15 Private 2.5km
- Te Huarahi Linwood Avenue School Primary Years 1-6 State 2.5km
- Te Waka Unua School Full primary Years 1-8 State 2.6km
- Rangi Ruru Girls' School Secondary Years 7-15 Private 2.8km
- Christchurch Girls' High School -Te Kura o Hine Waiora Secondary Years 9-15 State 2.9km
- Rudolf Steiner School (Chch) Composite Years 1-15 State integrated 3.0km
- Cashmere High School Secondary Years 9-15 State 3.6km
- Christchurch Boys' High School Secondary Years 9-15 State 3.8km
- St Andrew's College (Christchurch) Composite Years 1-15 Private 3.9km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
Find out how much home loan repayments will be
It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.
Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
Photos
Video
Contact Desere Girdlestone
Contact Desere Girdlestone
Desere Girdlestone
502/268 Tuam Street, Christchurch Central 8011
Request a callback
Desere Girdlestone
502/268 Tuam Street, Christchurch Central 8011