Sold
208/9 Kaipiho Lane,
Albany, North Shore City
NZD 230,000
Property details
-
Agents
Ray White Mt Roskill: MKRE Limited Licensed (REAA 2008)
956 Dominion Road, Mt Roskill Auckland City 1041
-
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!
• Rental appraisal: $580.00 to $620.00 per week
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.
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!
• Rental appraisal: $580.00 to $620.00 per week
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.
Explore the area
School catchments
- Oteha Valley School Primary Years 1-6 State 0.76km
- Pinehill School (Browns Bay) Primary Years 1-6 State 0.89km
- City Impact Church School Composite Years 1-15 Private 1.1km
- Northcross Intermediate Intermediate Years 7-8 State 1.4km
- Albany Senior High School Secondary Years 11-15 State 1.7km
- Sherwood School (Auckland) Primary Years 1-6 State 1.9km
- Pinehurst School Composite Years 1-15 Private 2.1km
- Albany School Primary Years 1-6 State 2.5km
- Rangitoto College Secondary Years 9-15 State 2.9km
- Glamorgan School Primary Years 1-6 State 3.0km
- Kristin School Composite Years 1-15 Private 3.0km
- Browns Bay School Primary Years 1-6 State 3.0km
- TKKM o Te Raki Paewhenua Composite Years 1-15 State 3.1km
- Murrays Bay Intermediate Intermediate Years 7-8 State 3.4km
- Murrays Bay School Primary Years 1-6 State 3.5km
- St John's School (Mairangi Bay) Primary Years 1-6 State integrated 3.5km
- Albany Junior High School Secondary Years 7-10 State 3.6km
- Torbay School Primary Years 1-6 State 3.6km
- Vanguard Military School Secondary Years 9-15 State 3.6km
- Long Bay College Secondary Years 9-15 State 4.1km
- Glenfield College Secondary Years 9-15 State 6.6km
- Westlake Boys High School Secondary Years 9-15 State 7.2km
- Carmel College Secondary Years 7-15 State integrated 7.7km
- Westlake Girls' High School Secondary Years 9-15 State 7.8km
- Birkenhead College Secondary Years 9-15 State 8.8km
- Rosmini College Secondary Years 7-15 State integrated 9.1km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
Find out how much home loan repayments will be
It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.
Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
Photos
Contact May Ma
Contact May Ma
May Ma
208/9 Kaipiho Lane, Albany 0632
Request a callback
May Ma
208/9 Kaipiho Lane, Albany 0632