208/9 Kaipiho Lane
Albany, North Shore City
Asking price $218,000 + GST(if any)
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Hands off investment with monthly return!

Ramada Hotel in Albany is a luxurious low-rise hotel building, Newly built in Year 2020, conveniently located in the heart of Albany, surrounded by popular cafes, restaurants, bars, and retail and business centres. 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.

Key Features:
• Stratum in freehold
• Fully furnished one bedroom apartment with a secure car park
• Large bathroom with laundry facilities included
• Managed by Ramada Albany Hotel on a long-term lease and returns
• Total floor area of approximately 34m2 more or less
• CV: $405,000
• Rates: $3,063.84 per annum
• Body Corp Levy: $2,287.49 per annum (Levy Period 16th May 2024 to 15th May 2025)
• BC Levy Insurance Portion is $1,111.53 including GST.
• Generating a monthly return of approx. $1,566.51 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 the cash income and also enjoy the free stay at the same time!

Asking price $218,000 + GST(if any)

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!

NOTE - photos are of a similar unit in the building, furniture will differ from photos.

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Property Features

Property ID: MRK30334
Bedrooms: 1
Bathrooms: 1
Building: 34m2
Listed By:City Realty Mt Roskill Limited Licensed REAA 2008
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Attachments

Title - 208.9 Kaipiho Lane.pdf
ENGLISH REA Sales & Purchase Guide Oct 22.pdf
CHINESE REA Sales & Purchase Guide Oct 22.pdf
Guide - OIA Anti money Laundering Flyer.pdf
BC 505724 - Operating Budget 16.5.2021 - 15.5.2022.pdf
BC 505724 -18.07.2023 AGM Agenda Papers.pdf
BC 505724 Ramada Albany BC Rules v. 22.06.2023.pdf
BC505724 Ramada Suites Albany LTMP 2018.pdf
BC505724 Ramada Suites Albany LTMP Report 2018.pdf
Financials 2.pdf
Financials.pdf
IMS_Package_Schedule.PDF
BC 505724 - 06.07.22 AGM Minutes.pdf
BC 505724 - 06.07.2022 AGM Agenda Papers.pdf
BC 505724 - 08.07.21 AGM Minutes.pdf
BC 505724 - Building Managers Report AGM July 2021.pdf
BC 505724 - Operating Budget 16.05.2022 - 15.05.2023.pdf
BC 505724 - Operating Budget 16.05.2023 - 15.05.2024.pdf
Lease - 208 9 Kaipiho Lane Albany.pdf
Sale and Purchase Agreement- 208.9 Kaipiho Lane.pdf
PCDS - 208.9 Kaipiho Lane.pdf
Financials 2 (1).pdf
BC 505724 - 25.07.2024 Amended AGM Minutes.pdf
BC 505724-Final Operating Budget 16.05.2024 - 15.05.2025.pdf
Financials (1).pdf
May Ma, Licensee Salesperson & Director at Ray White Mt Roskill