All Topics / Opinionated! / Commercial property investment in Wellington

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  • Profile photo of jess_2jess_2
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    @jess_2
    Join Date: 2004
    Post Count: 20
    December 11, 2004 - 3:57 pm

    Good day
    One of my friends is looking into an investment in Wellington and she recommended it to me as a “good opportunity”.

    It’s a five-star hotel—-so it’s commercial property. Lease-back for 3 years with 8% net return. Off-the-plan and the hotel will be completed at the end of next year. Unit price NZ$210K, furniture NZ$22000 so total price is $232K.

    My question is: anyone here has knowledge of commercial properties like this? what are the pros and cons of investing in hotel units? what are the potential risks? what factors should i look out?

    Any help would be greatly appreciated.
    thanks

    Jess

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