+64 (0)21 192 3023 emma@domaines.co.nz

kawarau river

LQ WYNDHAM GARDeN Queenstown

From $234,667

General Information

LQ Hotel Kawarau River located in the beautiful surroundings of Queenstown, with stunning views of the Remarkables Mountains. The project comprises 87 furnished hotel units and 98 residential units. Construction started in August 2019 and is well underway.

LQ Hotel Kawarau River presents superbly appointed apartments offering the highest level of quality, service and surroundings, that only a few discerning investors will have the privilege of owning.

Hotel Units

Residentials

Gym

%

Avg. annual net return

Detailed Specs

KEY INVESTMENT INFORMATION:
  • Term: 30 years based on 15 + 5 + 5 + 5 years
  • Initial rent per unit: Ranging from $15,000 to $21,500 gross plus GST if any (including free-stay value)
  • A 2% annual rental increase after year 3
  • As a LQ Hotel franchisee, we are backed by a franchisor that is one of the world’s largest and most successful hotel operators
  • Up to 6.72% guaranteed gross return paid directly into your bank account on a monthly basis
  • 10 days free use per annum for owners
  • A commercial guarantee on rental
  • Priced from $308 294
  • A hands off, hassle free investment with minimal owner input required

Queenstown is located in the Southern Lakes District of New Zealand, near the Southern Alps. Surrounding areas include Arrowtown, Wanaka, Fiordland and Glenorchy, all of which are popular tourism destinations.

There are over 100 inbound flights to Queenstown every week. Queenstown is only a 3.5 hour direct flight from Australia and a short 1 hour 50 minute flight from Auckland.

LQ Hotel Kawarau River 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.

All the inspiring recreational or business activities that Queenstown has to offer are only a short distance away.

    The Queenstown region is a dream international destination and an ideal place for holidays and conferences, with its natural playground providing fun and adventure for all.

    Queenstown is the ultimate alpine destination with four world-class ski fields only a short drive away. For the sporting enthusiast, there are stunning golf courses, mountain biking, walking and hiking trails. Adrenaline activities include bungee jumping, paragliding, skydiving and jetboating. Premium restaurants with a diverse range of international cuisines, ensure food enthusiasts are spoilt for choice.

    The Central Otago region is world famous for its exceptional wineries. There are several wine tasting tours and locations, including the well-known Gibbston Valley wine cave. Whatever the weather or season there is the perfect activity and indulgence for everyone.

    Each stylish and spacious apartment at LQ Hotel Kawarau River is fitted with contemporary furnishings, premium floor coverings and quality European kitchen appliances. 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.

    Combining luxury real estate ownership with world class living, LQ Hotel Kawarau River is the ideal place to invest.

    LQ Hotel is part of the Wyndham Hotel Group – the world’s largest and most diverse hotel company, encompassing more than 7,190 hotels and 609,600 rooms in 66 countries around the globe.

    Through its long operating history and proven track record in new product development, Wyndham has not only created a wide range of accommodations, but more importantly a platform for synergistic growth amongst and between its business units, that no single competitor can match.

    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.

    FAQs

    ARE THE PROPERTIES FREEHOLD TITLE?

    Yes, you are purchasing a freehold unit title from the plans.

    WHAT DEPOSIT IS REQUIRED AND WHERE DOES THE DEPOSIT GO?

    A 10% deposit for local (residents) purchases and 20% deposit for offshore (non-residents).

    DO I PAY GST ON THE PURCHASE PRICE?

    The price is inclusive of GST (if any)

    WHAT ARE THE OUTGOING COSTS?
    • Body Corporate Fees
    • Queenstown District Council rates
    • Otago Regional Council ratesil Rates
    WHO IS THE DEVELOPER AND BUILDER?

    Safari Group is the builder/developer whose background includes some of New Zealand’s prized construction and development projects. The Safari Group boasts extensive experience of all aspects of construction and development from both Residential and Industrial, through to combined Office and Commercial.

    CAN I LIVE IN THE RESIDENTIAL APARTMENT?

    Yes, you can live, rent or do whatever you can with your residential apartment. 

    WHAT ARE THE CONSTRUCTION SPECIFICATIONS?

    The Facades are being developed and will consist of precast concrete and metal sheeting elements.  

    ARE THERE ANY VENDOR PRE-SALE CONDITIONS?

    No. The development is not conditional on the vendor achieving a set number of pre sales.

    WHO LOOKS AFTER THE MAINTENANCE?

    Day to day maintenance is looked after by the tenant. Please refer to the lease and Body Corporate budget for full details.

    explore your options

    Similar Listings

    Taranaki, Wellington
    from

    $283,810

    AVG. ANNUAL NET RETURN

    5.0%

    30 Residentials • 72 Hotel Units • 14 VA

    123 Taranaki Street
    Te Aro, Wellington

    Ellerslie, Auckland
    from

    $430,000

    AVG. ANNUAL NET RETURN

    4.3%

    85 Residentials • 46 Visitor Accommodation

    666 Great South Road,
    Ellerslie, Auckland

    Get In Touch

    021 192 3023

    Location

    32/335 Great North Road
    Grey Lynn, Auckland, 1021

     

    Email

    emma@domaines.co.nz

    Open Hours

    Mon:9am – 5pm
    Tue: 9am – 5pm
    Wed: 9am – 5pm
    Thur: 9am – 5pm
    Fri:9am – 5pm
    Sat: Closed
    Sun: Closed

    Send a message

    10 + 12 =