Located in the heart of Wellington, the Ramada Residences offers a unique opportunity for investors and owner occupiers alike, with a total of 123 freehold units (93 managed hotel units and 24 residential units). The anticipated completion date is May 2021.
The contemporary residential apartments at Ramada Residences are designed to maximise the use of space without sacrificing style. Options include 1, 2 and 3 bedroom apartments designed for modern living with intelligent planning that maximises the sun, views and living space. They come fitted with European white-ware and additional furniture packages are available for your convenience. The Residences are surrounded by nature in a city that offers a powerful combination of culture, history, commerce and cuisine.
This property will be branded and franchised by Wyndham Hotel Group, the world’s largest hotel group, under the Ramada brand. We offer investors the opportunity of a commercial lease to the Ramada franchisee for a maximum term of 30 years with up to 6.93% guaranteed gross return (including free-stay allocation) and with fixed annual rental increases from the end of year 3. Returns are secured by a commercial lease and commercial guarantees.
HOTEL INVESTMENT INFORMATION
- Lease term: 30 years based on 15+5+5+5 years
- Guaranteed gross return paid directly into your bank account on a monthly basis
- 2% annual rental increase after year 3
- 10 days free stay p.a
- Commercial guarantee on rental
Investors and home buyers act now – call us today to secure your future in the heart of the Capital City.
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