The Queen's Ferry Hotel sold by Colliers International - Auckland
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The Queen's Ferry Hotel sold by Colliers International - Auckland
Auckland’s iconic Queen’s Ferry Hotel, a freehold character property in the heart of the CBD, has been sold by Kris Ongley and Peter Herdson from Colliers International for NZ$4,400,000.
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Colliers InternationalThe Queen's Ferry Hotel -
Colliers InternationalThe Queen's Ferry Hotel
Brokered by Kris Ongley and Peter Herdson, Auckland’s iconic Queen’s Ferry Hotel at 12 Vulcan Lane, Auckland, has been sold for NZ$4,400,000 with a 4.5% yield.
The heritage-listed building is prominently located on Vulcan Lane – a much-loved pedestrian thoroughfare just off Queen Street that forms a popular retail and hospitality destination.
At a glance:
- Auckland’s iconic Queen’s Ferry Hotel, has been sold by Kris Ongley and Peter Herdson from Colliers International for NZ$4,400,000 with a 4.5% yield.
- A heritage-listed property in Auckland's CBD, the hotel is a much-admired building in a popular and tightly held location.
Colliers International were exclusively appointed to offer the property by private treaty, unless it sold earlier.
Kris Ongley, Associate Director of Colliers International’s Investment Sales team, said the hotel was a chance to acquire a much-admired building in a tightly held location.
“This stunning heritage-listed property has been registered as Category 1 under the Historic Places Act in recognition of its aesthetic, architectural and social significance."
“Built in the 1850s, its ornate façade and other decorative details make it a rare surviving example of a Victorian-era ‘row’ public house in central Auckland."
“Its social importance is tied to the property’s history as one of Auckland’s longest-running licensed premises."
The Queen's Ferry Hotel Auckland
Peter Herdson, National Director of Capital Markets at Colliers International, said the property represented a boutique investment proposition in a prized location.
Herdson said Vulcan Lane is at the epicentre of Auckland’s retail, hospitality and commercial activity.
“It is hugely popular with tourists, who are attracted to its charming Victorian-era streetscape, and with CBD residents and workers, who flock to its abundant hospitality offerings.
“Vulcan Lane forms a pedestrian link between Auckland’s prestigious Queen Street and O’Connell Street, at the heart of the legal precinct."
