Trading spaces in hotels
Paul Charman
Multiple retail units and office spaces, are available within four-star hotels now under construction in Auckland. The units are within the mixed-use Ramada Victoria Hotel and Suites, 147 Victoria St West, and the Ramada Manukau Pacific Centre at 770 Gt South Rd.
The CBD site offers retail spaces on the ground floor, plus a mezzaninelevel office tenancy. These are for lease or sale in a complex also housing 48 serviced apartments and 63 residential ones.
Ramada Victoria Hotel and Suites tower is being built at a cost of $74.4m; the units for sale or lease there, comprise:
● Tenancy 1, an 83sq m site fronting on to Victoria St;
● Tenancy 2, a 109sq m site on the high-profile corner of Victoria and Graham Streets;
● Tenancy 3, a 71sq m site fronting on to Graham St;
● Tenancy 4, a 119sq m site fronting on to Graham St;
● Office space 009, a 67sq m mezzanine-level floor plate, with entry off Graham St.
All tenancies/ownerships will be available from when the Ramada Victoria Hotel and Suites opens in August.
Meanwhile, ground floor retail spaces within the Ramada Manukau Pacific Centre are also for lease or sale.
These contain 85 serviced apartments plus 67 residential ones, to a total value of $70m. The Manukau hotel features a mix of studio, one and two-bedroom units, while those for sale or lease, comprise:
● Unit 1, a 146sq m ground floor space suitable for a hospitality or food and beverage tenant seeking to service both hotel guests and businesses in the immediate vicinity. This is offered for rent at $73,000 plus GST pa, or for sale at $1.46m;
● Unit 2, a 129sq m space suitable as a showroom or retail location offers good visibility. This is offered for rent at $64,500 plus GST pa, or for sale at $1.29m.
Just as at Victoria St, these tenancies and ownerships can commence from August.
Sale and lease negotiation processes at both locations are being managed by Bayleys Real Estate.
The national director for retail sales and leasing at Bayleys, Chris Beasleigh, says the two new Ramada hotels are targeting domestic and international tourists. Prospective tenants at the locations will piggyback off that clientele mix.
“At Ramada Victoria most roomnight bookings are expected from international tourists transiting through Auckland, plus domestic business sector guests attending conferences, conventions, and exhibitions at the nearby SkyCity Convention Centre (opening in the second half of 2020),” Beasleigh says.
“Likewise, the Ramada Manukau Pacific Centre forecasts guest night bookings split fairly evenly between international organised tours flying into Auckland before heading for the likes of Hobbiton and Rotorua — or domestic conferences, conventions, and meetings at Vodafone Events Centre.”
Safari Group (NZ) Ltd is developing both Ramada properties, having been involved with similar Ramada projects at Newmarket, Albany, Federal St and Queenstown.