•80-room hotel in Wellington's Te Aro precinct
•Long-term lease tenure to August 2052
•Demand from government, corporate and tourism sectors
•16 carparks, café and reception facilities
The Viv Hotel offers an opportunity to acquire an established accommodation business in Wellington's Te Aro precinct. Comprising 80 guest rooms, on-site amenities and secure long-term leasehold tenure, the property provides scale, location and future potential within one of New Zealand's key accommodation markets.
Positioned on Vivian Street, the hotel is close to Wellington's CBD, waterfront, entertainment precinct, convention facilities, universities and government institutions. The location supports demand from domestic and international travellers, corporate guests, government agencies and event-related visitation.
The property comprises approximately 3,050sqm, including 80 rooms, reception facilities, a ground-floor café and 16 on-site carparks. A lease commencing in August 2022, with renewal rights through to August 2052, provides long-term operational security.
For operators, The Viv Hotel offers an established platform with opportunities to enhance performance through revenue management, brand positioning and operational efficiencies. Wellington's tourism recovery and consistent corporate and government demand support future growth.
For investors, the offering provides exposure to a substantial hospitality asset in New Zealand's capital city without the higher capital commitment of freehold ownership. The combination of scale, location and long-term lease tenure is expected to appeal to domestic and international purchasers.
