Sold By
- Loading...
- Loading...
- Photos
- Floorplan
- Description
Apartment in Albany
Urgent Auction! Hands off investment
- 1 Bed
- 1 Bath
- 1 Car
Ramada Hotel in Albany is a luxurious low-rise hotel building, Newly built, conveniently located in the heart of Albany, surrounded by popular cafes, restaurants, bars, and retail and business centres.
Key Features:
- Stratum in freehold - 1 bedroom apartment with a secure car park
- Large bathroom with laundry facilities included
- Total floor area of approx. 34m2 more or less
- CV: $385,000
- Rates: $3,097.55 per annum
- Body Corp Levy: $2,595.06 per annum (Levy Period 16th May 2025 to 15th May 2026)
- Managed by Ramada Albany Hotel on a long-term lease and returns
- Generating a monthly return of approx. $1,646.26 is paid directly into your bank account on a monthly basis
- Lease term of 30 years (15+5+5+5) with Ramada Albany from 2017, buying it for long-term stability and profitability
- 10 days free use per annum for owners, you can earn cash income and enjoy the free stay at the same time!
Auction on 28 Aug 2025 at 12:30 PM (unless sold prior) at L3/246 Queen Street, Auckland Central. The vendor is welcoming pre-auction offers!
Close to Albany bus station, motorway access, North Harbour Stadium, Albany Tennis Park and numerous walking trails and bush reserves. Walking distance to AUT Millennium, Massey University & Westfield Albany. It offers both convenience and potential for growth.
This is a great opportunity for investment. The highly motivated vendor is eager to sell.
Now is the right time to secure a smart investment. Contact May Ma at 021 821 600 or Mark Li at 021 330 678 to make a deal!
**Photos are of a similar unit in the building, furniture will differ from photos.**
For more information, please visit: https://rwmtroskill.co.nz/MRK31382
MRK31382
34m²
1 garage space
1
1