Web Ref#LOWE3966

Location, Location, Location - Enjoy a modern, innovative, and stylish design, in excellent Central Wellington location. There are very few opportunities like this to buy in an already completed new building. No waiting for a return on investment!

Conveniently located on the 5th floor of the new Ramada Wellington building, which includes a car park. This newly completed residential unit in Ramada Hotel and Suites Wellington offers a dual key configuration with its self-contained one bedroom and studio units, offering multiple options for astute purchasers to consider.

Features include:
- Stratum in Freehold Unit Title
- Floor Area 76m2 (Source: Property Guru)
- Stackable car park included
- Comes semi furnished with a $9000 FF&E package, including European whiteware
- Secure access
- Access to onsite gym ($10 pw) and hotel facilities
- Convenient central location
- Great low maintenance investment property
- This is a new building constructed to 100% IEP

The property's strong rental capability is obvious and further supported with a combined rental of $1,140 per week, with two fixed term tenancies currently in place. This is a cash flow positive investment and high yielding, with great equity growth being located in the central city.

This building comprises 77 furnished hotel units and 24 residential units & 14 Visitor Accommodation. This property is situated on Taranaki Street, on a main arterial route to Wellington International Airport. Well located in the heart of the central city with restaurants, cafes, shops and entertainment all within walking distance. These apartments offer excellent accommodation options. These units do not come under the ownership of Ramada.

For a full information pack and disclosures or to arrange an appointment to view, please contact us directly or come along to the Open Homes.

Please note - images are renders, and taken prior to tenants.

Tender closes 12pm, Thursday 30th September 2021 at 8 Kent Terrace, Wellington (will not be sold prior)

Tender. Closing 12.00pm, 30 September 2021 at 8 Kent Terrace, Wellington

Additional Features

  • Bedrooms: 2

  • Bathrooms: 2

  • Garaging: 1

  • Family Room: 1

  • Off-Street Parking: 1

  • Rates: $2,542.92

Steve Rodwell (Phone 021 907 948)
Steve Rodwell
Elise Boulieris (Phone 021 637 155)
Elise Boulieris