217-123 Taranaki Street, Te Aro, Wellington City

Offers over $350,000.00

Handsfree Investment Opportunity In Wellington Central

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 www.tourismproperties.com, navigate to the Documents tab on this listing, and request access to the confidential information therein, thank you.

Additional details

Type

Hotel & Leisure

Property ID

71816

Listed on

11/04/2024