306/123 Taranaki Street Wellington CBD | Barfoot & Thompson

306/123 Taranaki Street, Wellington CBD

$316,190

1 Bed
1 Bath

Ramada Wellington


Safari Group (NZ) Ltd is pleased to present another unique property development - Ramada Hotel and Suites Wellington located in the heart of New Zealand's vibrant capital city.

With construction due to commence in the second half of 2019, Ramada Hotel and Suites Wellington comprises 93 furnished hotel units and 24 residential units. To ensure maximum returns to investors and flexibility for the operator to drive revenue the hotel units are designed to provide dual key options.

Safari Group (NZ) Ltd is offering the limited opportunity to purchase 117 freehold investment apartments at Ramada Hotel and Suites Wellington.

This property will be branded and franchised by Wyndham Hotel Group, the world's largest hotel group, under the Ramada brand. We offer investors the opportunity of a commercial lease to the Ramada franchisee for a maximum term of 30 years with up to 6.93% guaranteed gross return (including free-stay allocation) and with fixed annual rental increases from the end of year 3. Returns are secured by a commercial lease and commercial guarantees.

Ramada Hotel and Suites Wellington presents superbly appointed apartments offering the highest level of quality, service and surroundings, that only a few discerning investors will have the privilege of owning.

KEY INVESTMENT INFORMATION
• Term: 30 years based on 15 + 5 + 5 + 5 years
• A franchisee with a proven international track record
• Up to 6.93% guaranteed gross return paid directly into your bank account on a monthly basis
• A 2% annual rental increase after year 3
• 10 days free use per annum for owners
• A commercial guarantee on rental
• Priced from NZ$255,238

Property details

Location:
306/123 Taranaki Street, Wellington CBD
Property type:
Apartment
Bedrooms:
1
Bathrooms:
1
Property ID:
777114

Distance to schools is as the crow flies and is provided as an estimate only. Source: Ministry of Education

In zone schools

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Nearby schools

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Documents for 306/123 Taranaki Street, Wellington CBD

Call Gloria & Rita

Gloria Zeng
Rita Oliver

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