420/123 Taranaki Street, Te Aro, Wellington

Ramada Hotel - Hands Free Investment

Invest in a hassle-free, hands-off property ownership in the heart of Wellington!

This fully managed studio unit within the reputable Ramada Hotel offers an excellent opportunity for savvy investors seeking passive income and long-term growth potential.

Key Features:
Studio hotel unit - 32sqm (approximately), fully furnished and professionally managed by Ramada providing a guaranteed rental income with long-term lease in place.

Freehold unit title - secure and simple ownership. Built in 2021 using modern construction techniques with steel and concrete materials.

Situated in vibrant Te Aro - steps from Cuba Street, Courtenay Place, and the Waterfront

Investment highlights:
2% rent increase per annum, with a market rent review at the end of the term.
15-year initial lease from 4th June 2021 (Lease until 3 June 2036)
Three rights of renewal of 5 years
Gross Rental $19,941 p.a
Body Corp $4,415.04 p.a
Rates $4,716.04 p.a
Net income $10,809.92 p.a
10 Nights Landlord Free Stay p.a (Excluding $80 cleaning fee)

Zoned: Commercial A - special accommodation hotel unit

Enjoy the confidence of a professional hotel operator handling all the day-to-day, with no involvement required from you. Sit back and collect consistent income in one of Wellington's most high-demand locations.

Our vendors want this sold and are willing to meet the market. Don't miss out on this opportunity!

For sale by way of Auction - held at Bayleys Real Estate, Level 14, 36 Brandon Street, Wellington CBD on the 12th June 2025.