221/9 Kaipiho Lane, Albany, North Shore City

221/9 Kaipiho Lane, Albany, North Shore City, Auckland
$186K Below CV! Hands off investment

Ramada Hotel in Albany is a luxurious low-rise hotel building, Newly built, conveniently located in the heart of Albany, surrounded by popular cafes, restaurants, bars, and retail and business centres.

Key Features:

• Stratum in freehold - 1 bedroom apartment with a secure car park

• Large bathroom with laundry facilities included

• Total floor area of approx. 34m2 more or less

• CV: $405,000

• Rates: $3,063.84 per annum

• Body Corp Levy: $3,399.01 per annum (Levy Period 16th May 2024 to 15th May 2025)

• Managed by Ramada Albany Hotel on a long-term lease and returns

• Generating a monthly return of approx. $1,646.26 is paid directly into your bank account on a monthly basis

• Lease term of 30 years (15+5+5+5) with Ramada Albany from 2017, buying it for long-term stability and profitability

• 10 days free use per annum for owners, you can earn cash income and enjoy the free stay at the same time!

Asking Price $219,000+ GST (if any)

Close to Albany bus station, motorway access, North Harbour Stadium, Albany Tennis Park and numerous walking trails and bush reserves. Walking distance to AUT Millennium, Massey University & Westfield Albany. It offers both convenience and potential for growth.

This is a great opportunity for investment. The highly motivated vendor is eager to sell.

Now is the right time to secure a smart investment. Contact May Ma at 021 821 600 or Mark Li at 021 330 678 to make a deal!

**Photos are of a similar unit in the building, furniture will differ from photos.**