Managed Investments with 6.93% Gross Return


123 Taranaki Street, Te Aro

Offers/Enquiries Over NZD $255,238

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Managed Investments with 6.93% Gross Return | 123 Taranaki Street, Te Aro | 3301315 |      X Close
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Managed Investments with 6.93% Gross Return


Managed hotel investment units with guaranteed 6.93% very near completion (circa May 2021)!

Bayleys is pleased to present another unique property development by Safari Group - Ramada Hotel and Residential Suites located in the heart of Wellington.

Conveniently located within a comfortable walking distance to Wellington CBD and all that the Creative Capital has to offer. Take pleasure in many of Wellington's best shops, cafes, restaurants and bars also being closely nearby.

The development is comprised of 123 freehold units (93 managed hotel units and 30 residential units).

The developer (Safari Group) has a proven track record of delivering excellent quality developments in a timely manner throughout New Zealand including hotels and apartments in Auckland, Wellington, and Queenstown.

The building at 123 Taranaki Street will be branded by Wyndham Hotel Group, the world's largest hotel group and most diverse hotel company.

The architecturally superior hotel suites found on the 1st, 2nd, 3rd and 4th floors come fitted with European white-ware and additional furniture packages are available.

To secure a hotel investment option a 10% deposit is required with the balance of the purchase price payable upon completion (Circa May 2021).

HOTEL INVESTMENT INFORMATION

•Lease term: 30 years based on 15+5+5+5 years

•Guaranteed gross return paid directly into your bank account on a monthly basis

•2% annual rental increase after year 3

•10 days free stay p.a

•Commercial guarantee on rental

•1BRM units priced from NZ$283,810 +GST (if any)

This is your chance to take ownership of luxury real estate with world class living. For more information (including the hotel investment pack) and or to arrange a site viewing, please make contact today.