At Safari Group, we are very notable for our blended use developments. We don’t simply take care of the people who need to purchase or put resources into residential condos, the hotels that make up a vital piece of our developments are likewise an astonishing opportunity whether a first-time property investor or an exceptionally experienced investor.
While it very well might be an unfamiliar idea to a lot of Kiwis, numerous elite hotel operators offer individual responsibility for hotel rooms. When purchased, the proprietor of the room, leases the unit back to the hotel operator for a set period, permitting them to deal with the occupancy, cleaning and maintenance.
Also, what does the investor get? Monthly fixed income with no issue! Honestly, this isn’t a townhouse, nor is this a management understanding. Our remarkable methodology implies that you are the proprietor of a freehold title, with a commercial lease in place.
In the event that you’re keen on finding out more, have a perused beneath of our four great reasons to consider broadening your residential property portfolio with an issue free, reduced down commercial resource – a hotel unit.
Guaranteed monthly rental income
We’ve previously given you access on the first reason to consider investing in a hotel unit however here’s somewhat more detail – Hotel unit investments give reliable returns as rental income, regardless of whether the unit was involved that month. Contrasted with a loft investment, they are likewise an extremely minimal expense purchase.
For instance, our LQ Hotel development in Ellerslie gives a protected return of up to 6.09% (gross) with fixed development worked in all through the lease term, including a yearly increment of 2% following 3 years.
A passage level hotel unit in this development begins from $252,680 and has a gross rental income of $15,000 per year.*
Hotel units have two genuinely unsurprising outgoings: Body Corporate charges and Provincial Committee rates, that the proprietor is answerable for.
Security of a trusted hotel brand and management
We have a well established organization of, with Wyndham Hotels and Resorts, creating and overseeing hotels under their Ramada, Wyndham gardens and LaQuinta (LQ) brands. Besides the fact that we have a demonstrated history, we likewise sent off the first hotel under their LQ brand in Australasia, as a component of our Kawarau River development in Queenstown.
As we referenced before, the unit is overseen for you by a hotel operator (as a general rule it’s us – Safari Hotels). This implies you don’t have to stress over maintenance, occupancy or in any event, cleaning, we cover everything.
Available to overseas buyers
Not a NZ resident? That is alright, hotel units are available for purchase for overseas investors.
Under the Overseas Investment Act 2005, non-residents can put resources into hotel units as long as the hotel is built on a non-delicate land, you lease the space to the hotel, sell or restore the lease when it terminates, and you don’t live in the unit.
This might sound a piece prohibitive, however we haven’t referenced quite possibly of the best advantage yet.
Free accommodation every year!
What’s more, the last reason we figure you ought to consider investing in a hotel unit is that any investor, regardless of whether they are a NZ resident, gets up to 10 free nights of accommodation each year. Ideal for pre-arranging your days off every year, or in any event, offering a free stay to loved ones.
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