At Safari Group, we are very well known for our mixed use developments. We don’t just cater to those who want to buy or invest in residential apartments, the hotels that make up a key part of our developments are also an amazing opportunity whether a first-time property investor or a very experienced investor.
While it may be a foreign concept to a lot of Kiwis, many world-class hotel operators offer individual ownership of their hotel rooms. Once purchased, the owner of the room, leases the unit back to the hotel operator for a set period, allowing them to take care of the occupancy, cleaning and maintenance.
And what does the investor get? Monthly fixed income with no hassle! To be clear, this is not a timeshare, nor is this a management agreement. Our unique approach means that you are the owner of a freehold title, with a commercial lease in place.
If you’re interested in learning more, have a read below of our four great reasons to consider diversifying your residential property portfolio with a hassle free, bite sized commercial asset – a hotel unit.