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Property Ref: 71816

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 6475

Email: 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 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

Contact Agents

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Suresh Subramaniam

Tourism, Hospitality and Leisure Business Broker
Wellington & Lower North Island
International: +64 (0) 22 690 6475
NZ Mobile: 022 690 6475

Email: suresh@tourismproperties.com

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Dilan De Silva

Branch Manager l Tourism, Hospitality & Leisure Business Broker
New Zealand Regions: North Island & Upper South Island International: Australia, Pacific Islands & Other Destinations
International: +64 27 444 9692
NZ Mobile: 027 444 9692

Email: dilan@tourismproperties.com

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