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SOLD
8 Images
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4
5.8% Gross Return - International Hotel Branded Units
unit 507/660-670 Great South Road, Ellerslie
1
1
Introducing LQ Hotel and The Residences, Ellerslie – Safari Group’s brand new exciting new development currently under construction. Take the opportunity to select from various tenanted hotel investment options – hotel suites, studio, and 1 bedroom options (apartment options also available to purchase). Scheduled for completion Quarter 2 of 2023, the development at 660-670 Great South Road consists a mixed-use 12 storey development, featuring an initial 15 year lease term (for all hotel units) to La Quinta by Wyndham (LQ Hotel) on the lower levels and The Residences Apartments from Level 4 and above – benefitting from elevated views and a great outlook. LQ Hotel units range from 24sqm up to 50sqm, and pricing from $252,680 up to $351,880. Wyndham Hotels & Resorts is an international hotel franchisor with 20 brands across 95 countries worldwide, in over 8,900 locations – with La Quinta (LQ) one of their major hotel chains. Well-situated in the heart of Ellerslie, the development benefits from excellent public transport and main road access, with Ellerslie Train Station approximately 500m from the site (via underpass) and access to the Southern Motorway just around the corner. Tenanted hotel units rarely come available to the market – this is an exceptional opportunity for all investors (local and offshore) to secure one of these exciting, high quality investments with only a 10% deposit (20% for overseas residents) and the balance upon completion. With the addition offering of 10 days free stay per year at this LQ Hotel, contact the RE/MAX Projects Team for an Information Memorandum. Initial gross return of 5.8%!
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Address
unit 507/660-670 Great South Road, Ellerslie
Price
SOLD Sep 21
Type
Apartment
Bedrooms
1 Bedroom
Bathroom
1 Bathroom
Listing ID
PMT10173
Office
REMAX Projects
Price
SOLD Sep 21
Don Ha
Director
m.
021 968 309
b.
09 261 2555
don.ha@remax.co.nz
Licensed under the Real Estate Agents Act 2008
REMAX Projects
136 Broadway
Newmarket
Auckland, 1023
b.
0800 888 000
www.remaxprojects.co.nz
projects@remax.co.nz
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