Nestled in the vibrant heart of Albany, this stylish Ramada Suite at 313/9 Kaipiho Lane boasts a prime location within a commercial accommodation complex. Constructed in 2017 with iron roofing and concrete walls in good condition, this 27sqm unit is a Unit Title property. It features one bedroom, one bathroom, and is situated on a level contour, enhancing its appeal. The property has seen a significant Capital Value increase of 54.77% from $210,000 in July 2017 to $325,000 as of June 2021. The latest sale in 2015 was at $212,800, closely mirroring the current HouGarden AVM estimate of $325,000.
With a lease term of 30 years in place, offering long-term stability and a monthly return of $1,291.17, this investment is a hassle-free opportunity. Adding to its allure, the property falls within the highly sought-after school zones of Albany Senior High School (Decile 10), Albany School (Decile 9), Albany Junior High School (Decile 10), and Pinehill School (Browns Bay, Decile 10), ensuring quality education options. Not only does it provide a steady income, but it also grants the owner 10 days of free use annually, combining investment with leisure.
Centrally located, with easy access to the Albany bus station, motorway, and amenities like North Harbour Stadium and Albany Tennis Park, this property is a golden opportunity to invest in a thriving area. It's a chance not to be missed, where the vendor's loss is truly your gain.
Updated on November 29, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.01 km | 1 | 1 | 34m2 | Year 2024 Month 11 Day 26 | $230,000 | Council approved | |
 | 0.25 km | 6 | 4 | 0m2 | Year 2024 Month 10 Day 01 | - | Council approved | |
 | 0.27 km | 7 | 6 | 420m2 | Year 2024 Month 10 Day 01 | $2,550,000 | Council approved | |
 | 0.01 km | 1 | 1 | 27m2 | Year 2024 Month 09 Day 01 | $160,000 | Council approved | |
0.08 km | 1 | 1 | 52m2 | Year 2024 Month 07 Day 20 | $530,000 | Council approved |