Built in 2008, the Waldorf Stadium Apartment Hotel comprises a ten-level strata titled serviced apartment complex situated on the corner of Beach Road and Tangihua Street in the Auckland CBD. It is located on a high-profile parcel of land with a 150 year lease to one of Auckland’s largest CBD landowners, Ngati Whatua O Orakei.
The Property contains a total of 171 fully self-contained studio, one, two & three bedroom apartments (165 currently in the letting pool) together with a number of commercial / administrative / back of house units. The guest accommodation is supplemented by a license for 50 carparks in a nearby facility.
At the date of sale, the Property was operated under a new 11 year performance based lease agreement with NZ Waldorf Apartments Management Limited, a wholly-owned subsidiary of Japanese conglomerate and serviced apartment operator Daiwa House Group.