Safari Group is pleased to present another unique property development – Ramada Suites Federal Street, a fully managed boutique 4 star development situated in the heart of Auckland within walking distance to the very popular and iconic Sky Tower.
Ramada Suites Federal Street comprises 42 furnished units being a mixture of studios, one and two bedroom units. To ensure maximum returns to investors and flexibility for the operator to drive revenue, the units are designed to provide dual key options.
The project is due to begin construction in March 2015 for completion in August 2015.
Safari Group (NZ) Ltd is offering the opportunity to purchase 42 investment units. This property will be branded and franchised by the 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 6.9% guaranteed gross return (including free-stay allocation) with fixed annual rental increases from the end of year 3. Returns are secured by a commercial lease and commercial guarantees.
Ramada Suites Federal Street presents superbly appointed apartments offering the highest level of quality, service and surroundings, which only a few discerning investors will have the privilege of owning.