Fully furnished (furnishing package available on request) freehold unit title 1 bedroom suites, priced from $252,000.

Ramada Suites Tuam Street is a fully managed boutique 4 star development located at 264 - 266 Tuam Street, in Christchurch, New Zealand.

This development is constructed by Safari Group (NZ) Ltd and be tenanted by Tuam Hotel Limited Liability Partnership, a franchisee of Wyndham Vacation Resorts Asia Pacific Pty Ltd

The building comprises 44 furnished units, including a mixture of studios, one and two bedroom units. There are 26 car parks, an office and reception area with common and storage areas, along with 4 Penthouse residential apartments on level 5, and a retail cafe outlet on the ground level adjoining the reception. Ramada Suites Tuam Street begins construction in August 2013.

Safari Group (NZ) Ltd is offering the opportunity to purchase 44 investment units for a lease period of 30 years at up to a 7.5% gross return.

Important facts

* Term: 30 years based on 15 years + 5 years + 5 years + 5 years
* As a Ramada franchisee, we are backed by a franchisor that is one of the world’s largest and most successful hotel operators
* 7.5% gross return with annual rent increase after year 3 paid directly into your bank account on a monthly basis at 2% per annum guaranteed growth
* Is a 30 year commercial guarantee on rental not a rental guarantee
*

Located at 264 – 266 Tuam Street, Christchurch, Ramada Suites Tuam Street is perfectly positioned to capture its defined visitor target market, including tourists as well as business travellers accessing the commercial hub of the South Island.

Located near the corner of Tuam and Madras streets in the newly developed Central City South District, Ramada Suites Tuam Street is located next to CPIT, walking distance to Re:START shopping mall, and Latimer Square.