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Top Notch Return!
Those shrewd investors looking for a passive addition to their portfolio should seriously consider this option! In the stylish Ramada Suites in the super central location off Oteha Valley Rd and nestled amongst bustling cafes, restaurants, bars, retail and business centres, this rarely available investment currently returns $1,535 per month incl gst ie. a healthy 6.1% + gross return pa (recent annual 2% rental increase applied from 1st Apr 2023). This modern building was completed in 2017 and is leased 30yrs (15+5+5+5) from 1st Apr 2017. It is very handy to the Albany bus station, motorway access, North Harbour Stadium, Albany Tennis Park and numerous walking trails and bush reserves. With the thriving Westfield hub and surrounding areas only growing further, getting in now for such a hotel investment makes very good sense. The Ramada (by Wyndham) group is gaining a bigger foothold in NZ and this is one of their many sought-after hotels.
Please note photos are of a similar comparable apartment. Sale is plus gst, if any. Cannot be permanently owner-occupied. Please use this link to see other photos and information on the hotel: https://www.marsdenhotels.co.nz/ramadaalbany. Premium furniture/fixtures packages apply to each apartment. Please contact us for information brochures and documents or paste this URL to your browser for online access: https://www.chrisandlucy.co.nz/listing/?listing=44086