Colliers presents Nesuto Stadium Hotel & Apartments – a high-quality hybrid accommodation building strategically located in the Auckland CBD. This building also has a unique management lease to a global tenant with performance-based return.
Capitalise on New Zealand’s robust hotel and tourism sector by investing in a safe and transparent property market. For sale via expressions of interest, closing Thursday 16th June 2022 at 4:00pm (NZST).
Key Highlights include:
*Strategic Downtown CBD Location
One of the closest accommodation providers to Spark Arena, New Zealand’s largest (12,000 seat) indoor multi-purpose event venue. Hotel assets located in downtown Auckland are tightly held and rarely sold.
*High Quality Hybrid Accommodation
As one of only a few hybrid serviced apartment/hotel complexes in the city, the property recently underwent a NZ$12m refurbishment and expansion, presenting in an ‘as new’ condition. The building enjoys a Grade A seismic rating with minimal capex requirements in the immediate future.
*Superior Lease with performance-based Return
Leased to one of Australasia’s largest serviced apartment operators, Nesuto under a strong performance-based management lease whereby the owner receives a percentage of revenue.
*Value Add & Alternate Uses
Optimisation of the operational model maximising the benefit of the hybrid nature of the asset with additional alternative use options available, including extended stay, co-living, aged care, build to rent models.
Contact the following agents to find out more:
Dean Humphries
+64 21 408 156
Jackie Su
+64 21 196 5765
