+64 (0)21 192 3023 emma@domaines.co.nz

onetwotrhee Ramada hotel & suite Taranaki, Wellington

From $283,810

General Information

Onetwothree Residences Wellington, is located in the heart the exciting and vibrant city of the North Island. With construction due to commence in the second half of 2019, there are 30 exceptional residential units available for purchase. Few cities in the world offer the quality of life and economic stability of Wellington. The city is well established and well respected as an international destination for business and tourism experiences.

Hotel Units

Visitor Accommodations

Residentials

%

Avg. annual net return

Detailed Specs

KEY INVESTMENT INFORMATION:
  • Term: 30 years based on 15 + 5 + 5 + 5 years
  • Initial rent per unit: Ranging from $15,000 to $20,500 gross plus GST if any (including free-stay value)
  • A 2% annual rental increase after year 3
  • As a Ramada franchisee, we are backed by a franchisor that is one of the world’s largest and most successful hotel operators
  • Up to 6.93% guaranteed gross return paid directly into your bank account on a monthly basis
  • 10 days free use per annum for owners
  • A commercial guarantee on rental
  • Priced from NZ$283 810

Ramada Hotel and Suites Wellington is situated on Taranaki Street, on a main arterial route to Wellington International Airport. The hotel is well located in the heart of the central city with restaurants, cafes, shops and entertainment all within walking distance.

Ramada Hotel and Suites Wellington is close to:

  • Victoria University of Wellington
  • Cuba Street
  • Courtenay Place
  • Te Papa Museum
  • Parliament and the Beehive
  • TSB Arena
  • Westpac Stadium
  • Oriental Bay
  • The Central Shopping District

The Wellington region is a dream international destination and an ideal place for holidays and conferences, with its natural playground providing fun and adventure for all.

Top experiences in Wellington include the Mount Victoria summit, Te Papa Museum of New Zealand, and the Weta Workshop film-making experience in Miramar.

Named as one of the top 8 coffee cities in the world by CNN, coffee-lovers are spoilt for choice in Wellington.

The nearby Wairarapa region is world famous for its exceptional wineries and is brimming with many nature experiences on offer. Nearly all Wellingtonians are within 3km of the sea. Whatever the weather or season there is the perfect activity and indulgence for everyone.

Each stylish and spacious apartment at Ramada Hotel and Suites Wellington is fitted with contemporary furnishings, premium floor coverings and quality European kitchen appliances. These architecturally superior apartments maximise the creative use of space partnered with an elegant, modern design.

Owners will enjoy 10 days free-stay use every year for the life of the lease, allowing enjoyment of both premium investment returns and the opportunity to experience this unique destination. Combining luxury real estate ownership with world class living, Ramada Hotel and Suites

Wellington is the ideal place to invest.

Ramada is part of the Wyndham Hotel Group – the world’s largest and most diverse hotel company, encompassing more than 7,190 hotels and 609,600 rooms in 66 countries around the globe.

Through its long operating history and proven track record in new product development, Wyndham has not only created a wide range of accommodations, but more importantly a platform for synergistic growth amongst and between its business units, that no single competitor can match.

For any hotel, being under franchise by Wyndham Hotel Group, the property will benefit not only from the traditional Hotel Group expertise and distribution, but from the wider Wyndham business model in an abundance of areas.

FAQs

ARE THE PROPERTIES FREEHOLD TITLE?

Yes, you are purchasing a freehold unit title from the plans.

HOW MANY UNITS ARE THERE IN THE DEVELOPMENT?

There are a total of 117 Units. 93 hotel units and 24 residential units.

WHAT DEPOSIT IS REQUIRED AND WHERE DOES THE DEPOSIT GO?

A 10% deposit for local (residents) purchases and 20% deposit for offshore (non-residents).

DO I PAY GST ON THE PURCHASE PRICE?

The price is inclusive of GST (if any)

WHAT ARE THE OUTGOING COSTS?
  • Body Corporate Fees
  • Wellington City Council Rates
WHO IS THE DEVELOPER AND BUILDER?

Safari Group is the builder/developer whose background includes some of New Zealand’s prized construction and development projects. The Safari Group boasts extensive experience of all aspects of construction and development from both Residential and Industrial, through to combined Office and Commercial.

CAN I LIVE IN THE RESIDENTIAL APARTMENT?

Yes, you can live, rent or do whatever you can with your residential apartment. 

SUNSET CLAUSE?

There is allowance in the sales and purchase agreement for reasonable construction and development delays.

WHAT ARE THE CONSTRUCTION SPECIFICATIONS?

The Facades are being developed and will consist of precast concrete and metal sheeting elements.  

ARE THERE ANY VENDOR PRE-SALE CONDITIONS?

No. The development is not conditional on the vendor achieving a set number of pre sales.

WHAT ARE THE OUTGOING COSTS?
  • Body Corporate Fees
  • Wellington City Council Rates
WHO ARE THE DESIGNERS?

Studio 37 Limited. The building has been specifically designed to fit into this location and incorporate all requirements of Wyndham Hotel Group to run a successful business.

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Get In Touch

021 192 3023

Location

32/335 Great North Road
Grey Lynn, Auckland, 1021

 

Email

emma@domaines.co.nz

Open Hours

Mon:9am – 5pm
Tue: 9am – 5pm
Wed: 9am – 5pm
Thur: 9am – 5pm
Fri:9am – 5pm
Sat: Closed
Sun: Closed

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