Freehold Serviced Apartments In City

A 6% Return Investment

This is it! Ramada is a large multinational hotel chain owned by Wyndham Worldwide. They operate more than 800 hotels across 63 countries under the Ramada brand.

Ramada city is located at the heart Auckland's most prestigious suburbs located within the Double Grammar Zone. This hotel room is freehold and you can buy and sell it without restrictions. The first three years rental is $15,249 per annum and increasing by 2% annually after year three. Lease terms are 30 years based on 15+5+5+5 years. The owner has 10 days free use per annum. With the asking price only $250,000+GST, you can get approx 6% return yearly, which is a really good investment.

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To view/download property files please visit: https://www.harcourtsfiles.co.nz/listings/FC2V

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Main Property Features

Listing Number: ALB3398

Approx Floor Area:
23 sqm
Property Type:
Apartment
Tenure:
Stratum in freehold
Approx year built:
2015
Property condition:
Excellent
Flooring:
Carpet
Window coverings:
Drapes
Electrical:
TV aerial
Chattels remaining:
Fixed floor coverings, Light fittings, Drapes
Main bedroom:
Double
Main bathroom:
Bath, Shower over bath, Exhaust fan
Laundry:
In bathroom
Views:
City
Aspect:
North
Water heating:
Electric
Water supply:
Town supply
Sewerage:
Mains
Locality:
Close to transport, Close to shops, Close to schools
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Licensed REAA 2008

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Harcourts Albany

Cooper & Co Real Estate Ltd

Licensed REAA 2008

232 Dairy Flat Highway
Albany
Auckland
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Property Location