Passive investment on long lease

1317/75, Featherston Street, Wellington Central, Wellington

Auction

Proposed Usage
Hotel & Leisure
Description:
Property ID
1c3y77b

• Two hotel units in the Rydges 4.5 star hotel on Wellington's Featherston Street
• Net income of approximately $49,627 including GST
• Leased to the Rydges Hotel until 2033
• A totally passive investment
• A premium property in a premium location
Rydges Wellington is centrally located on Wellington's Featherston Street with a unique combination of harbour and city outlooks. Rydges is within walking distance to Lambton Quay, Westpac Stadium, Queens Wharf and Wellington Railway Station making it ideally positioned in the heart of the capital. This 4.5 star hotel offers 280 Wellington accommodation rooms for business and leisure guests with the benefits of modern facilities including free WI-FI throughout, and fantastic leisure facilities. Units 1317 and 422 had net incomes of $30,256 and $19,371 respectively in FY17/18, including GST.
Buy one or both.

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Wellington Central Area