Handsfree Investment Opportunity in Wellington Central
Property Type: Investment Opportunities, Managed Investment Property
Sale Type: Freehold Investment
Region: Wellington
Physical Address: 217-123 Taranaki Street, Te Aro, Wellington 6011
Price: Freehold Investment - Offers Over $350,000.00
Broker: Suresh Subramaniam
Mobile: +64 (0) 22 690 6475Email: suresh@tourismproperties.com
A fantastic investment opportunity at the Ramada Hotel and Suites Wellington, located on a major thoroughfare leading to Wellington International Airport, at the intersection of Taranaki and Vivian Street, centrally placed in the thriving capital city of New Zealand. The hotel is ideally situated in the city’s center, close to eateries, cafes, retail establishments, and entertainment venues.
Key Information:
- Offers over $350,000.00
- An upscale one-bedroom furnished Hotel apartment
- Income continuity
- An international franchisee with a proven track record
- Up to 6% guaranteed return with annual rent increase after year 3 paid directly into your bank account
- 2% annual rental increase after year 3 (July 2024)
- Term: 30 years based on 15 + 5 + 5 + 5 years
- 10 days free use per annum for owners
- A commercial guarantee on rental of $20,500 plus GST p.a,
- Body corporate $938.76 p.a,
- Insurance $2,739.98 p.a,
- WCC Rates $5,023.75p.a,
- A hassle-free investment with very little owner input
Smart investing starts here as opportunities like this do not come often. Call us now as this will sell fast!
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Property Details
Property Type
Investment OpportunitiesManaged Investment Property
Sale Type
Freehold InvestmentRegion
WellingtonPhysical Address
217-123 Taranaki Street, Te Aro, Wellington 6011Price
Freehold Investment - Offers Over $350,000.00Contact Agents
Suresh Subramaniam
Tourism, Hospitality and Leisure Business BrokerWellington & Lower North Island
International: +64 (0) 22 690 6475
NZ Mobile: 022 690 6475
Email: suresh@tourismproperties.com