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Freehold Apartment Hotel Investment, Auckland Central

Hotel

ActivePropertyAucklandB2C
Asking price
Price by Negotiation
Disclosed · NZD
Revenue
EBITDA
Implied multiple
n/a
Price includes the property
Brief
  • High-quality, purpose-built apartment hotel comprising over 80 apartments in the heart of Auckland's CBD, close to the waterfront and Sky City Hotel.
  • Constructed in 2008 and exceptionally well maintained, with full control of the management business retained by current ownership.
  • Offering includes over 20 freehold unit-titled one- and two-bedroom serviced apartments complete with chattels.
  • Also includes a ground-floor unit-titled management office and a licence to operate from the ground-floor reception area.
  • Chattels associated with over 60 further unit-titled apartments, largely owned by offshore investors in the established letting pool, are included.
  • Building assessed at 100% of the New Building Standard with a Seismic Grade A+ rating for strong seismic resilience.