Beach Road, Auckland Central AUCKLAND

For Sale

Hotel/Tourism

FOR SALE BY EOI CLOSING 16TH MAY 2018

10630m2

CBRE Hotels, in conjunction with Colliers International New Zealand, have been exclusively retained to market for sale the Waldorf Stadium Apartment Hotel Auckland, subject to a long term lease to Daiwa House Group Japan.

Key investment considerations include:
• 165 self-contained apartments and 13 commercial / ancillary units (all strata titled)
• Located on a long term strategic and prominent leasehold landholding (150 years)
• Situated in close proximity to key demand drivers including Spark Arena, the Auckland Waterfront and the Britomart and Commercial Bay Precincts
• New 11 year lease to one of Asia Pacific's largest serviced apartment operators, with an option
• Rare opportunity to acquire a large apartment hotel in the heart of the Auckland CBD
• Take advantage of New Zealand's current tourism boom
• Stamp Duty not applicable on transactions in New Zealand
• Capital Gains Tax not applicable on transactions in New Zealand.