THE ROCKS: Luxury suites ,Sumner, Canterbury

THE ROCKS: LUXURY SUITES, SUMNER BEACH – NEW ZELAND

Prices from: 305,800€ (NZ$ 765,000)-

The Rocks is a rare luxury development located in the very heart of historic Summer Village positioned on a key central site which is being transformed into a multi-use luxury retreat in NEW ZELAND.

Demand for high quality, short-term accommodation exceeds supply. Until now, investment in a fully-managed apartment complex has been unavailable. But with The Rocks, you have the opportunity to purchase with a lease to our management company which will provide regular generous returns in addition to significant long term capital growth

Rental Guarantee (10 year lease)

Return for First Five Years:  Purchasers will be paid a guaranteed return of 5% per annum of the purchase price of the Apartment, for the first five years of the lease. 

Return Thereafter:  Purchasers will receive the net rental profit from their Apartment minus management commissions.

In both cases, payments will be made quarterly.-

Gross revenue is expected to exceed 16,000€ per annum (NZ$ 40,000).

Management Company: Select Hotels & Resorts International

Widely recognized as an industry leader in hotel management, transparency and profit driven orientation since 1987. A company truly focused on redefining quality service, excellent and affordable accommodation as well as dining experiences .

The Complex:

• 10 luxury dual key apartments which provide 20 luxury suites managed on-site by Select Hotels & Resorts International

• Guests’ Beach Club lounge and conference facilities

• Hot pool, gym, sauna and bbq area

• Full security swipe card entry

• Easy elevator access

• Central Sumner location

• 2 carparks per apartment

Location:

Just 8km from central Christchurch. This region has long been recognized as the city’s most fashionable and exclusive seaside destination, placing it amongst the most desirable in New Zealand, bordering the Pacific Ocean and framed by rolling hills and cliffs.-

Estimated completion date:

January 2010