Let The Numbers Do The Talking!
Those shrewd investors looking for a passive addition to their portfolio should seriously consider this option! As part of the stylish Ramada Suites in the super central location off Oteha Valley Rd and nestled amongst bustling cafes, restaurants, bars, retail and business centres, this type of investment is rarely available. As of 1st Apr 2024 (reflecting annual rent review 2%) it will return approx $1,566 per month incl gst ie. a healthy 6.3% + gross return pa. This modern building was completed in 2017 and is leased 30yrs (15+5+5+5) from 1st Apr 2017. It is very handy to the Albany bus station, motorway access, North Harbour Stadium, Albany Tennis Park and numerous walking trails and bush reserves. With the thriving Westfield hub and surrounding areas only growing further, getting in now for such a hotel investment makes very good sense. The Ramada (by Wyndham) group is gaining a bigger foothold in NZ and this is one of their many sought-after hotels.
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