Bayleys Wayne Keene has listed a significant inner-city accommodation business for sale, offering vacant possession of 80 self-contained keys in a high-profile corner site on Queen Street, Auckland.

Positioned in the heart of the city, just moments from the vibrant Karangahape Road precinct and the transformative City Rail Link, the property represents a rare opportunity to acquire a well-configured accommodation operation with strong upside for owner-operators or investors looking to reposition the asset.

Spread across a large multi-level building, the offering includes 80 keys made up of a desirable mix of self-contained studios and apartments – including 19 one-bedroom and eight two-bedroom units. The configuration suits both short-stay travellers and longer-term accommodation needs, catering to a broad customer base.

A major drawcard is the inclusion of 23 onsite carparks, of which 18 are secure basement spaces – a premium offering in the CBD that enhances both operational convenience and customer appeal.

“The scale, layout and location of this business make it a standout proposition in the Auckland market,” said Mr Keene.

“It’s rare to find 80 self-contained keys available with vacant possession in such a high-demand area, particularly one with this level of parking and a corner site profile.”

The building enjoys dual street frontage, providing strong visual presence and ease of access. Its position on Queen Street places it at the centre of Auckland’s commercial and cultural activity, while the nearby Karangahape Road precinct continues to evolve into one of the city’s liveliest hospitality and arts hubs.

The property is well-placed to benefit from major infrastructure investment, with the new City Rail Link set to significantly enhance connectivity and boost visitation across the CBD.

Mr Keen said that with no lease encumbrances, the incoming operator has the flexibility to reposition the business to suit market demands – whether targeting the re-emerging international visitor segment, expanding long-term stays, or rebranding the offering under a new accommodation model.

“This is a blank canvas opportunity in the true heart of Auckland,” Keene says. “The ability to walk in and take over an 80-key accommodation business with this location and layout is incredibly rare.”