FREEHOLD INVESTMENT UNDER WYNDHAM HOTEL - 8 ...

32, Red Oak Drive, Town Centre, Queenstown-Lakes

$2,187,000

Proposed Usage
Retail
Floor Area
159.00 m²
Description:
Property ID
1c2d4x9

FREEHOLD INVESTMENT UNDER WYNDHAM HOTEL - 8 YEAR LEASE

Brand new and just opened, Frank's Pantry is the second location of this all-time, busy eatery and bar brand, run by an experienced Kiwi couple who have owned a number of award winning cafes and restaurants. The tenant has committed to a long term, eight year initial lease term and invested considerably in the fitout of the premises. Since their opening in mid June, the business has had a phenomenal amount of visitors and so far has exceeded all expectations.

If you are a bit of a foodie you will appreciate this phenomenal long term tenanted investment with all the bells and whistles as part of a brand new building, the Wyndham Remarkables in Queenstown.

The Wyndham is located just off the main road, Hawthorne Drive, and is only a walk away from the shopping centre, airport and a new entertainment precinct, such as Chipmunks, indoor trampoline park, go-carts, karate, indoor golf centre etc.

Once you land at Queenstown Airport, you will most likely spot the Wyndham and the Ramada building from your flight and you could practically walk over there from the airport.

Enquire about this sensational tenanted investment now and become the new landlord of this phenomenal eatery that the whole of Queenstown is raving about!

KEY FEATURES:
• Part of the new Wyndham Hotel Remarkables Park, completed in 2018 to latest earthquake standards
• Frank's Pantry is the anchor tenant situated in the road frontage unit with an opening to the hotel's lobby and entrance
• The tenant, Frank's Pantry, has phenomenal online reviews and feedback
• Secure long term investment with guarantors, bank guarantee and proven operators
• 8 year initial lease term and annual rent increases
• Tenant is paying the market rental for brand new retail and all outgoings in addition to the rent

Enquire about this property

Town Centre Area