Kaka'ako Kiosk: The Pet Friendly - Admiral Thomas Condominium

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
https://activerain.com/droplet/4Fcd

 

 Kaka‘ako Kiosk:


 

 

Admiral Thomas Condo

Admiral Thomas


 1221 Victoria St

Honolulu, HI

$264,900 - $659,000

 

Admiral Thomas is a 34-story leasehold high-rise condo tower near Thomas Square Park. The lease on the building expires in 2046. 1, 2, and 3 bedroom condos are available with parking.

 

Building amenities: pool, spa, tennis court, resident club-room and BBQ    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Admiral Thomas Condo is centrally located across the street from the Honolulu Museum of Art, in the Kakaako neighborhood of Honolulu. Views overlooking historic Thomas Square and Oahu’s South Shore.

 

These units are particularly spacious and with the lease hold pricing, larger 3 bedroom units are rather attractive at their price point.

 

 

Admiral Thomas Pool

 

For more information and floor plans>

 

Pet Friendly Condominiums in Honolulu

Click here for more PET FRIENDLY   Condos in Metro Honolulu, Hawaii

 

The Admiral Thomas Condo is currently designated PET FRIENDLY, however, not all types of pet are allowed. The specifications and approval process for tenant pets at the complex may be obtained from the House Rules presented by the HOA or AOAO. Lease ownership does not guarantee that your pet will be automatically approved. 

 

 

Previous Pet Friendly Posts:

 

 

Metro Hale: The Pet Friendly - Royal Iolani

 

Kaka'ako Kiosk: The Pet Friendly - Royal Court

 

Waikiki Wiki: The Pet Friendly - Waikiki Landmark

 

Waikiki Wiki: The Pet Friendly - Villa on Eaton Square

 

Metro Hale: The Pet Friendly - Queen Emma Gardens

 

Metro Hale: The Pet Friendly - Punahou Cliffs

 

Kaka'ako Kiosk: The Pet Friendly - Queen Victoria 

 

Metro Hale: The Pet Friendly - Makiki Park Place

 

Waikiki Wiki: The Pet Friendly - Monte Vista

 

Waikiki Wiki: The Pet Friendly - Ilikai Marina

 

Waikiki Wiki: The Pet Friendly - Four Paddle

 

Waikiki Wiki: The Pet Friendly Discovery Bay

 

Waikiki Wiki: The Pet Friendly - 444 Nahua

 

Waikiki Wiki: The Pet Friendly - Cantebury Place

 

Waikiki Wiki: The Pet Friendly - Waikiki Shore

 

Waikiki Wiki: The Pet Friendly - Waikiki Banyan

 

Waikiki Wiki: The Pet Friendly - Waikiki Sunset

 

Waikiki Wiki: The Pet Friendly - Windsor

 

Metro Hale: The Pet Friendly - Hawaiki Tower 

 

Kaka'ako Kiosk: The Pet Friendly - Royal Capitol Plaza 

  

Kaka'ako Kiosk: The Pet Friendly - One Archer Lane

  

Metro Hale: The Pet Friendly - Summer Palace

 

Waikiki Wiki: The Pet Friendly - Waipuna

 

Kaka'ako Kiosk: The Pet Friendly - Admiral Thomas Condominium 

 

Waikiki Wiki: The Pet Friendly - 1717 Ala Wai Condominium

 

Metro Hale: The Pet Friendly - Honolulu Park Place

 

 

 

 

Kaka'ako Kiosk: The Pet Friendly - Admiral Thomas Condominium

Posted by

 HI Pro Realty - PET FRIENDLY HONOLULU REALTOR, PROPERTY MANAGEMENT

 

HI Pro Realty LLC - REALTORS®, PROPERTY MANAGERS® is a boutique brokerage firm offering responsive, dedicated, and professional Real Estate Sales and Management Services in Honolulu, Hawaii. 

 

 

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Groups:
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Rainmaker
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David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Those are good price points. What happens to these when the land lease comes due? is it guaranteed renewal? I dont know a whole lot about this particular subject but am aware of land leases and for our purposes they have to be in place for equal to or longer then the term of our loan

Jun 15, 2015 12:15 PM #1
Rainmaker
739,594
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha David,

Yes, same here for financing a lease hold property. Ideally as a lease holder one would want the building to convert from lease hold to fee simple with the individual unit fee being available for purchase by the lessee with first right of refusal.

However, it could also pass back to the lessor; the lease could be extended or a new lease created with or without the current tenants. In many buildings we have partial conversions where the fees were offered for a period of time for some or all units and then the fee offerings were discontinued.

There can be a lot of speculation around fee conversion buildings as the details of an upcoming conversion are usually kept under wraps, until publicly announced, offering little time to purchase in the respected building in advance of an announced conversion.

Theoretically, if you were to buy a lease with less than 5 or 10 years left and then the fee became available before the end of the lease, for which you have first right of refusal, you could possibly get an incredible deal paying a fraction of the market rate. But it is a major gamble requiring no small amount of luck. Mahalo for the question.

Jun 15, 2015 12:48 PM #2
Ambassador
1,769,790
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Kimo, I am learning so much about Hawaii from your blogs. I hope to visit one of these days.

Jun 15, 2015 12:50 PM #3
Rainmaker
739,594
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Noah,  There is a little something for everyone in Hawai'i, mahalo for stopping by.

Jun 15, 2015 12:59 PM #4
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Rainmaker
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Kimo Stowell

REALTOR Associate® RS-76763 - Honolulu Hawai'i
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