A near-new residential development run as a highly rated apartment hotel has gone up for sale in a growing Auckland suburban location.
Currently operated as the Roomie Apartment Hotel, the four-level complex in Avondale encompasses a portfolio of 62 unit-titled apartments with 62 dedicated car parks.
Positioned nine kilometres from the city centre, it welcomes a mix of domestic and international guests supported by bookings via global travel sites such as Trivago, Expedia, Tripadvisor and Booking.com.
Roomie boasts “exceptional” and “excellent” ratings of 9.6 out of 10 on Expedia and Trivago based on hundreds of guest reviews.
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New owners will have the chance to build on this success, as well as options to convert its use to permanent accommodation and, subject to resource consent, to further develop part of the more than 3,600-square-metre site.
The property and accommodation operation at 7 Layard Street, Avondale, Auckland, are being offered for sale as a freehold going concern by negotiation through Wayne Keene and Millie Liang of Bayleys Real Estate.
Keene, who is Bayleys’ national director for hotels, tourism and leisure sales, said the building was completed to high standards in 2020.
“The complex features 62 spacious studio, two-bedroom and three-bedroom apartments. These range in size from approximately 50 square metres to 87 square metres, with two being smaller staff amenity studio units.
“All are fully self-contained including a full kitchen and bathroom, making them suitable for short and long-term stays.
“Each apartment features an individual air-conditioning and ventilation system and double glazing and all units are on separate titles.
"Many apartments offer impressive views of the sea and the Waitakere Ranges, enhancing the overall appeal,” Keene said.
Residents and guests have access to a welcoming foyer, a fitness room, onsite laundry facilities and secure bicycle storage. The building provides lift access alongside a main stairwell, with fully accessible rooms available.
The property is fully furnished and designed with bright, colourful interiors. It offers Wi-Fi throughout, and security supported by individual floor access, extensive CCTV coverage and secure gated entry.
Liang said the building was underpinned by a large landholding of some 3,634 square metres, which presented new owners with further opportunities.
“An underutilised portion of land at the rear of the car park offers the potential for future development, subject to standard resource consent, in an area with sought-after, intensive Business – Mixed Use zoning.
“This zoning under Auckland’s unitary plan also offers flexibility for uses of the existing complex as a fully tenanted investment or part transient accommodation,” Liang said.
The location, within easy reach of the city centre and Auckland Airport and a short walk from Avondale Train Station, was ideal for commuters or corporate guests, she said.
“The property is within walking distance of key local amenities including Avondale Primary School and the town centre.
"Residents here are also handy to various shops and dining options along Great North Road,” said Liang.
Financial and occupancy information for the apartment hotel is available to potential buyers subject to signing a non-disclosure agreement.
Keene said occupancy was supported by the ongoing rise in international visitor arrivals towards pre-Covid highs.
“The prospects for further visitor growth are strong. Tourism New Zealand has ambitious goals to expand the industry by $5 billion over the next four years through targeted international marketing, with a particular focus on boosting off-season visitors,” said Keene.
- Supplied by Bayleys
