This high-quality, purpose-built apartment hotel comprises over 80 apartments and occupies a prime position in the heart of Auckland's central business district close to the waterfront and Sky City Hotel.
Constructed in 2008, the property is exceptionally well maintained and offers a rare opportunity to secure a proven income-generating hospitality asset in one of New Zealand's most tightly held commercial precincts.
The current ownership group retains a core group of prime apartments and holds full control of the management business, ensuring streamlined operations and strong oversight.
The investment offering includes:
•Over 20 freehold unit-titled one- and two-bedroom serviced apartments, complete with chattels.
•A ground-floor, unit-titled management office and a licence to operate from the ground-floor reception area.
•The chattels associated with over 60 unit-titled apartments, which are largely owned by offshore investors participating in the established letting pool.
These inclusions provide a consistent brand and quality standard across all apartments.
This is a compelling opportunity to acquire a well-located, income-producing hospitality asset with the flexibility to align the property to a dedicated hotel brand of your choice, unlocking further growth potential.
Adding to its appeal, the building has been assessed at 100% of the New Building Standard (NBS), achieving a Seismic Grade A+ rating in accordance with the New Zealand Society for Earthquake Engineering (NZSEE) guidelines. This represents best-in-class seismic resilience and offers exceptional long-term asset security.
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