Money in the Bank?

Unit 221, 2 Reads Quay, Gisborne

1 Bed
1 Bath

With interest rates so low, this could be an investment with a considerable upside. Well-appointed self-contained studio with a pleasant sunny aspect in the very popular Portside complex.

Currently leased to Heritage Hotels, this provides an approximate 3.3% net return, with the additional benefit of 21 nights "rent free" personal use per annum and potential future capital gains.

Have your holidays in sunny Gisborne and enjoy the superb location and all the facilities the Hotel has to offer.

Lease expires in March 2023 which opens new options, or continue leasing to the Hotel for a completely "hands off" investment. Currently the only unit available, contact me for more details

Price $110,000 (plus GST if any)

Legal Description

Stratum in Freehold
Lot: Unit 221 DP: 343280
CT: 177536

Floor Area

25 m2

Year Built

2000-09