Completed Project ph: +64 9 358 1735
fx: +64 9 358 1737
..back to Developments Ramada Suites Tuam
Safari Group New Zealand Limited†is pleased to present yet another unique property development opportunity located at†264-266 Tuam Street Christchurch, New Zealand, with expected completion date of December 2014.†

The opportunity consented is for is a sole purpose Hotel Building. This building has been designed specifically to meet Ramada Suites' criteria. It comprises 44 furnished units (being a mixture of Studios and one bedroom units, twin keyed in a number of configurations along with 4 two bedroom residential apartments), 26 car parks, an office and reception area with common and storage areas also with small cafe. The general lease terms are:†

  • Term: 30 years based on 15 + 5 + 5 + 5 years
  • 7.5% guaranteed 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
  • Has a 30 year commercial guarantee on rental not a rental guarantee
  • Ramada Suites Tuam will join Wyndham Hotel Groupís portfolio of more than 7300 hotels across six continents

On completion of the development, the Ramada Suites Tuam will be operated as 44 serviced apartments. For more information, click here.