Haka Lodge

373 Karangahape Road, Auckland Central, Auckland, Auckland

For Sale
Contact Agent

Hotel/Leisure
Property No. 12147
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Character Backpackers with Long Lease

• Premium backpacker location in close proximity to Karangahape Rd CRL station due for completion in 2024
• Trophy Hostel on prominent corner leased to Haka Group, one of the most awarded operators in NZ
• New 12 year lease to the well established Haka Lodge returning $325,000 plus GST making for a hands-off investment
• Fixed biannual rental increases
• Refurbished in 2015 including seismic strengthening
• 18 rooms providing 71 beds along with quality communal areas

This is a rare opportunity to acquire an earthquake strengthened property in a prominent location on the gentrifying Karangahape Rd. The location is expected to improve even further with the City Rail Link now under construction and the Karangahape Rd Stations will be less than a few hundred metres from Haka Lodge. Haka is a proven operator, having occupied the property since 2015 as well as a much longer history developing the Haka Tours business, one of the key sources of business for the Lodge. The Lodge occupies a corner site and is a prominent feature of the well-known entertainment precinct. Exposure to the accommodation sector with backing of this quality is not to be missed.
• Premium backpacker location in close proximity to Karangahape Rd CRL station due for completion in 2024
• Trophy Hostel on prominent corner leased to Haka Group, one of the most awarded operators in NZ
• New 12 year lease to the well established Haka Lodge returning $325,000 plus GST making for a hands-off investment
• Fixed biannual rental increases
• Refurbished in 2015 including seismic strengthening
• 18 rooms providing 71 beds along with quality communal areas

This is a rare opportunity ...
Last updated

29 May 2019

Building

Whole


Floor area

805 sqm

Land area

232 sqm

Within walking distance

JLL

Haka Lodge

373 Karangahape Road, Auckland Central, Auckland
For Sale
Contact Agent
Hotel/Leisure
Property No. 12147

Property details

Character Backpackers with Long Lease

• Premium backpacker location in close proximity to Karangahape Rd CRL station due for completion in 2024
• Trophy Hostel on prominent corner leased to Haka Group, one of the most awarded operators in NZ
• New 12 year lease to the well established Haka Lodge returning $325,000 plus GST making for a hands-off investment
• Fixed biannual rental increases
• Refurbished in 2015 including seismic strengthening
• 18 rooms providing 71 beds along with quality communal areas

This is a rare opportunity to acquire an earthquake strengthened property in a prominent location on the gentrifying Karangahape Rd. The location is expected to improve even further with the City Rail Link now under construction and the Karangahape Rd Stations will be less than a few hundred metres from Haka Lodge. Haka is a proven operator, having occupied the property since 2015 as well as a much longer history developing the Haka Tours business, one of the key sources of business for the Lodge. The Lodge occupies a corner site and is a prominent feature of the well-known entertainment precinct. Exposure to the accommodation sector with backing of this quality is not to be missed.


Last updated

29 May 2019

Building

Whole

Floor area

805 sqm

Land area

232 sqm


Brokers

Nick Thompson
+64 27 600 4712
JLL - Auckland
Level 16, PWC Tower, 188 Quay Street
Auckland 1010
   

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