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219/123 Taranaki Street

Te Aro Wellington

1
1
45 m²
Apartment
Currently for sale - view listing

Overview

Rare Hotel Investment Opportunity!

An exciting opportunity to secure an established hotel investment in the heart of Wellington. Located within the Ramada Hotel & Suites Wellington, this freehold hotel unit was completed in 2021 and operates under the internationally recognised Ramada by Wyndham brand. This is a professionally managed, hands-off investment, offering investors the opportunity to own hotel real estate without the day-to-day responsibilities of managing a residential rental property. Investment Highlights * Freehold hotel investment * Completed in 2021 * Ramada by Wyndham * Professionally managed hotel operation * Established long-term lease structure * 30-year lease: 15 + 5 + 5 + 5 years * Prime Te Aro location * Walking distance to Wellington CBD, Cuba Street & Courtenay Place * Ideal for investors looking to diversify their property portfolio A little extra opportunity… Unit 219 is now officially on the market. Unit 220 is not being publicly advertised, however, the owner is open to selling it to a buyer who is interested in securing both units. This creates a rare opportunity to acquire one or potentially two hotel investment units within the same development. Current lease and investment information is available on request. The Body Corporate levies payable for the unit for the current financial year is $4,480.25. This comprises of $2,346.80 for BC Levy excluding insurance and $2,133.45 for insurance portion of levy. Contact Helen Feng for further information or to discuss the opportunity to purchase one or both units.

Features

1 bedroom
1 bathroom
45 m² floor area
Apartment

Happy sellers in Te Aro

62%
62% of sellers in Te Aro reported that their sale price either exceeded or met their price expectations.

Te Aro stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 75 reviews in Te Aro over the last 12 months.

Local market activity for 1 bedroom apartments in Te Aro

In the last 12 months, 33 one-bedroom apartments similar to 219/123 Taranaki Street, have been sold.

This represents a 57% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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