This freehold 3 bedroom Penthouse apartment is part of the Ramada Hotel. Investment buyers only, no owner occupancy available.

An opportunity has become available to secure this unit. Receiving a total yearly nett income of approx $46,575 inclusive of GST, paid monthly into the owner account.

Approx 62m2 serviced Penthouse apartment, with 1x stacker carparking in basement, Large balcony area with fantastic city views

Features of the investment include: * Freehold title with the ability to on-sell at any time * No management fees * Fully furnished * 10 nights complimentary use each year * Lease with hotel management based on an initial 15+5+5+5 basis * Annual Bodycorp $3,137 and Rates $4712.03 approx * Selling price $789,000 plus GST and purchaser should be GST registered (zero rated)

Ramada Hotel is superbly located in the central business district of Auckland. Within walking distance are top restaurants, bars, theatres, night-clubs, museums and art galleries. The SKYCITY complex nearby offers world-class dining, a casino and breathtaking 360 degree views of Auckland City.

Several international event and conference centres are close by, including SKYCITY Convention Centre and the ANZ Viaduct Events Centre. Top musicians from around the world perform at Auckland's Vector Arena. All the inspiring recreational, entertainment and business activities that Auckland has to offer are only a short distance away from the hotel.

For more information and viewings please contact Simon on 021-627716