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Asking Price: $250,000
plus GST if any
Ramada Manukau is located in the heart of Manukau City- close to Manukau Shopping Mall, Vodafone Event Centre, Vector Wero Water Park, Motorway Access and a 15-minute drive to Auckland International Airport.
Key Investment Information
- Unit 112 - Studio unit (27m2)
- Commercial lease to a franchisee for a maximum term of 30 years (15+5+5+5)
- Gross Income $13,500 per annum +GST (There is a rental income variance during the Covid-19 period)
- 2% annual rental increase after 3 years
- Rent paid directly to your bank account
- 10 days free stay per annum for owner worth $1,650
- Gross Return - Approx. 5.40 %
- A commercial guarantee on the rental is not a rental guarantee
This is a hassle-free investment with minimal owner input required and with a long term lease in place.
If you would like further information, please contact CT or Ramesh.
Specified floor and land area sizes have been obtained from sources such as RPNZ, Auckland Council (LIM) or Title documents. They have not been measured by the Salesperson or Now Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.