166 Gloucester Street
1 - 2
C1 LUXURY HOTEL INVESTMENT SUITES
Prime investment opportunity in the heart of Christchurch's CBD-New Zealand's international gateway to the beautiful South Island. 100 luxury hotel suites on freehold unit titles available individually or in larger parcels. 6.41% net return plus capital growth-with indexed rent reviews and tax depreciation benefits. 22 year lease (12+5+5) to the hotel operator-Rendezvous Hotels International-backed by a 120 year old public company listed on the Singapore Stock Exchange. The C1 Residential Tower-incorporating the 4+ star Rendezvous Hotel complex-will provide much needed high quality accommodation for the burgeoning New Zealand tourism market. At 23 levels, the building is planned to be the tallest building in the South Island. The ground floor will host the hotel reception and a 5-star restaurant and cafe/cocktail bar. The upper levels will accommodate some 100 on-site car parks, gym, sauna facilities and 171 luxury hotel suites. All suites will be completed to 5-star standard with high ceilings, large panorama windows, polished stone vanities and full FF&E incl. fridge, LCD flat screen TV, etc. The hotel suites will offer unparalleled views across Christchurch-with vistas of the Southern Alps and the Pacific Ocean. The ultimate in affordable, fully-managed'peace-of-mind'property investment. PRICE NZ$17,000,000 for 100 suites or per suite from NZ$155,000 to NZ$519,000 each (plus GST if any). GST (goods & services tax) is 12.5% and is not always payable.