217-123 Taranaki Street, Te Aro, Wellington 6011, Te Aro, North Island
Handsfree Investment Opportunity In Wellington Central
NZD $350,000
Business Description
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 centre, 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!
Please register on our website, navigate to the Documents tab on this listing, and request access to the confidential information therein, thank you.
Business Summary
Key Investment Insights
1. Prime location: The Ramada Hotel and Suites Wellington is located on a major thoroughfare leading to Wellington International Airport, making it easily accessible for guests.
2. Central location: The hotel is situated in the heart of Wellington, close to popular eateries, cafes, retail establishments, and entertainment venues.
3. Upscale one-bedroom apartment: The investment opportunity includes an upscale one-bedroom furnished hotel apartment, providing comfortable and luxurious accommodation for guests.
4. Income continuity: The investment offers a guaranteed return with annual rental increase after year 3, providing a steady and reliable source of income.
5. International franchisee: The hotel is operated by an international franchisee with a proven track record, ensuring a high level of service and quality for guests.
6. Long-term investment: The investment has a term of 30 years, providing long-term stability and potential for growth.
7. Owner benefits: The investment includes 10 days of free use per annum for owners, allowing them to enjoy the benefits of their investment.
8. Commercial guarantee: There is a commercial guarantee on rental of $20,500 plus GST per annum, providing added security for the investment.
9. Low owner input: The investment is hassle-free with very little owner input required, making it an ideal handsfree investment opportunity.
10. High demand: Opportunities like this do not come often, making it a highly sought-after investment opportunity.
11. Comprehensive information: Interested buyers can access confidential information about the investment on the website, providing all the necessary details to make an informed decision.
12. Fast-selling: This investment opportunity is expected to sell quickly, making it a smart investment for those looking to capitalize on the current market conditions.
