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Cathedral Junction offers
one of the finest investment choices in New Zealand in
terms of location, unique architectural design and
flexibility in rental arrangement.
Located in
the heart of Christchurch, Cathedral Junction is
just a stroll to major tourist attractions such as
Cathedral Square, The Strip, major shopping malls,
Botanical Gardens, Christs College, Museum, Art Gallery,
Arts Centre, etc .
Cathedral Junction offers one
of the most unique architectural designs that New
Zealand has seen. With the famous City Tram passing
through the picturesque glass atrium and floor created
with New Zealand natural serpentine/Greenstone.
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Artist's Impression of Cathedral Junction
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Cathedral Junction offers two
single room suites, three
1-bedroom apartments, twelve 2-bedroom apartments and 35
"twin key" fully-furnished self catering
apartments. Essentially individual fully-furnished 1-bedroom units available together with fully-furnished room
suites, the twin key/dual occupancy design affords maximum
flexibility to both owner and manager, thereby ensuring
optimum returns.
Management will be professionally undertaken by Quest
NZ Ltd.
Units are leased by Quest NZ Ltd directly from the owner
for an initial lease term of 10 years, with option of
renewal for further two terms of 5 years each.
Cathedral Junction offers an
initial net rental guarantee of 8% on purchase price
in the first two years, with rental reviews to
prevailing market rates every two years. A minimum
rental guarantee of 7% per annum is also given over the
10+10-year lease term. The lease provides continuity of income and a
worry free investment.
Owners are also given the flexibility to suspend
the lease to Quest NZ Ltd and live in their unit
temporarily or indefinitely.
To be completed in the last quarter of 2003, Cathedral Junction is
jointly developed by Nouveau
Pacific Holdings Ltd
and constructed by Multiplex Constructions (NZ) Ltd .
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