Get on the rise with Ramada Newmarket. A hands off, hassle free high returning investment with minimal owner input required! Consists of three buildings namely the Highwic Building, the Garden Building and the Hotel and Suites will bring 63 Residential Apartments and 63 Serviced Hotel Apartments.
We have two Hotel Units Available, Both will be leased back to to RAMADA hotel group at a fixed rent. And available to you (The purchaser) for up to 10 days per year.
Currently the only two available Hotel Investment units in the development:
** H212 – Hotel Room 21m2 – Asking Price $249,000
Total Gross Income = $13,500
Net Return (Include 10 day free Stay) = 5.41% (SEE CALCS IMAGE)
** H213 – Hotel Studio 27m2 – Asking Price $299,000
Total Gross Income = $16,500
Net Return (Include 10 day free Stay) = 5.46% (SEE CALCS IMAGE)
HOTEL SERVICED APARTMENTS - This will have a commercial lease to the Ramada franchisee for a maximum term of 30 years with an approximate 5% guaranteed NET return (incl free-stay allocation) and with a 2% fixed annual rental increase from the end of year 3. Returns are secured by a commercial lease and commercial guarantees.
KEY DETAILS
• Continuity of income
• Approximately 5% NET guaranteed return (incl free-stay value) with annual rent increase 2%pa growth after year 3
• Rent paid directly into your bank account on a monthly basis
• 10 days free use per annum for owners
• A commercial guarantee on rental not a rental guarantee
• Term: 30 years lease base on 15+5+5+5
• Designed by award-winning apartment specialists, Leuschke group
Construction is an articulated façade of glass, concrete and dark metal on a podium of local volcanic stone. Designed to make the most of an elevated site that runs east-west, the building wraps around the edge of the site to give most apartments a northerly aspect and views of the central courtyard and city beyond.
Puts you in the heart of Auckland’s most prestigious suburbs, this stunning development has expansive views of Newmarket, Mt Hobson and Rangitoto. Situated within walking distance of Auckland’s best schools in the Double Grammar Zone and with all the amenities of Newmarket’s shopping/dining precinct and Auckland’s most prestigious new Mall, this is a special residential address.
There has not been a better time to invest, with the remaining HOTEL owners purchasing over 2 years ago, and since then the Westfield shopping center has opened and building has begun meaning any development risk has been largely mitigated.
Contact Hamish now, this development is due for completion any day now.
