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Bartercard Property

FREE PHONE 0508 BARTER
0508 227 837
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View our testimonials to see how business owners increase their profitability
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We had a fairly substantial amount of Bartercard Trade Dollars to spend and wanted to use most of them in the property market, after some consideration we decided to purchase a property that would provide income - not just long-term capital gain.

- Nikki Barrett
bartercard australia
 

Martinborough - 5 x 1 Bedroom Apartments - 21.6% Gross Return On Cash


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RegionWairarapa
Property TypeResidential
Asking Price $640,000
Trade Dollars $256,000
Cash Dollars $384,000
Price Notes40% Trade
Price is for the whole complex
VendorTerry Swanson
021 126 5552
info@bordeauxoncologne.com
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'Bordeaux on Cologne' Luxury Apartments

Here is a wonderful opportunity to buy an accommodation business in the thriving
Village of Martinborough.

The five self-contained one bedroom luxury apartments are cleverly designed and beautifully
presented with quality chattels. All apartments are 44m2 with a 14m2 deck totalling 58m2.

Each of the apartments has excellent kitchen facilities and attractive bathrooms with four
apartments having spa baths. The fifth apartment is an accessible apartment which has a twin
wet floor shower.

Large sliding doors open to spacious decks and individual private courtyards. Off street parking
is available to all apartments.

Excellent returns building with potential to increase revenue by increasing the midweek trade (please contact Terry to discuss figures).

The ease of operation allows for one person to operate the business.

This is an opportunity for a person seeking a lifestyle change at a pace that suits them or for an investor.

Strong Returns (Gross, inc GST):

2011 $79,350 12% yield (21% return on cash)
2012 $100,220 16% yield (26% return on cash)
2013 $69,048 11% yield (18% return on cash)
Average returns $82,873 13% yield (22% return on cash)

Features:
  • 5 x 1 bedroom self-contained apartments
  • Could be run as long term renters or keep as short term accommodation
  • Selling at $30k below CV
  • Building: 58m2 each (44m2 apartment + 14m2 deck)
  • Land: 961m2
  • Rates: $4,786.38
  • Capital value $670,000 (Sept 2011)
  • www.bordeauxoncologne.com/24cologne.html
  • 24 Cologne Street Martinborough

For more information or to arrange a viewing please contact Terry on 021 126 5552.

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Contact Us

Cameron Owen

09 414 6837