Beach Road, Auckland Central AUCKLAND

For Sale

Hotel/Tourism

SOLD

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.