Available PropertyFiles:

  • /Asbestos Report/
    • 1876.001_27 Edinburgh Street_ACM Survey_AS.pdf
  • /Auckland Council Property File/
    • Auckland Council Property File.zip
  • /Floor Plans/
    • Floor Plans - Edinburgh St, 27 (2001).pdf
  • /LIM/
    • LIM - Edinburgh St, 27.pdf
  • /PIM/
    • PIM - Edinburgh St, 27.pdf
  • /Seismic Report/
    • Seismic Report - Edinburgh St, 27 (Dr John Jing).pdf
  • /Tender Conditions of Sale/
    • Tender COS - Edinburgh St, 27.pdf

Property Description

• 225sqm (more or less) freehold corner site
• Two-level standalone building with car parking and potential for upside
• Favourable Business – City Centre (15m) zoning
• Short-term tenancies in place provide holding income/cashflow
• Options for owner-occupiers, add-value investors and developers

Available to the market for sale for the first time in over 20 years, this freehold corner site located on the CBD fringe is an exceptional add-value opportunity for a range of purchasers with holding income in place.

The 225sqm (more or less) site is zoned Business – City Centre providing a variety of redevelopment and use possibilities including residential and commercial. Positioned on the corner of Edinburgh Street and Ophir Street and offering proximity to Ponsonby and Karangahape Road, the building has multiple frontages overlooking Newton Gully enhancing this property's future potential.

The standalone building was refurbished circa 2001 and is set over two levels comprising a multi-functional warehouse with roller door access on the ground level while level one is currently utilised as residential/office space on and under-croft car parking is accessed from Edinburgh Street.

This strategic landholding provides maximum flexibility for owner occupiers, add-value investors and developers in a centrally located suburb going through gentrification

The property is being sold by tender closing at 4pm, Thursday 19th September 2024 (unless sold prior). Please contact the sole appointed agents now for further details including the comprehensive information memorandum, due diligence files and viewing arrangements (which are strictly by appointment).

Jean-Paul Smit 021 0216 1616
jean-paul.smit@bayleys.co.nz

Mike Adams 021 977 527
mike.adams@bayleys.co.nz

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Terms of Supply

THE VENDOR - TERMS AND CONDITIONS
Access to these due diligence files is strictly on the basis of the terms below. The action of accessing this contents is deemed confirmation of acceptance of these terms by the accessing party.

Confidentiality and Publication
• The accessing parties acknowledge and agree that the information in the due diligence room is confidential to the Vendor.
• Neither the whole nor any part of the information in or referenced in the due diligence room may be included in any published document, circular or statement without the prior written approval of the Vendor.
• Only bone fide potential purchasers and their professional advisors may access the information within the due diligence room.
• The information may not be accessed or used for any purpose other than for considering potential offers to the Vendor on the acquisition and development of the land.
• No document or information within the due diligence room or any reference to them may be disseminated in any way by users of the due diligence room except to their professional advisors, as necessary for the purposes of the transaction contemplated and on the basis that such professional advisors have also agreed to be bound by these terms (whether or not such advisor accesses the due diligence room directly or is provided such information by the accessing party).

Disclaimer
The material contained in this due diligence room has been prepared in good faith by the Vendor and its advisors, solely for the information of potential purchasers to assist them in deciding whether they are interested in the specified potential development land.
It is intended to be general information in and specialist advice should be sought on all matters. The information provided by advisors has been provided to the Vendor and not to any accessing party. The contents do not constitute advice to potential purchasers and should not be relied upon as such.
Where documents are specified to be in draft, the Vendor has full and absolute discretion to change or amend or replace entirely that document in full or part at any time. Accessing parties should place no reliance on such draft documents.
The information in this due diligence room does not form part of any offer or contract and is intended as a guide only and any offer made is subject to negotiation and acceptance by the Vendor.
No warranty is given or representations made as to the correctness or sufficiency of any information or statements. Potential purchasers should not rely on any material contained in the due diligence room but should make independent investigations to satisfy themselves as to the accuracy and sufficiency of the material. The Vendor and its advisors do not make any representations or warranties as to the accuracy or sufficiency of the material and do not assume any liability for negligence or otherwise in connection with any material contained in or omitted from the due diligence room.
The Vendor reserves the right in its sole discretion to postpone or cancel the proposed sale of the land. The Vendor reserves the rights to sell the land to any party in such component parts, at such price and on such terms as it sees fit.

Additions and Changes to the Due Diligence Room
The Vendor reserves the right to modify or add to the due diligence room or documents therein from time to time. The Vendor does not accept any responsibility for the currency of any documents or any changes to documents within the due diligence room or changes to the due diligence room itself that may change, affect or qualify any of the information provided. The Vendor will use reasonable endeavours to place notifications within the due diligence room of documents added, removed, altered or modified from time to time but potential purchasers are advised to check regularly for any such changes.

Questions and Answers Process
Any party may submit written questions to Bayleys during the due diligence phase and Bayleys and/or the Vendor will endeavour to answer such questions noting however that any questions and the answer provided by Bayleys or the Vendor may, at the Vendor’s sole discretion, be made available to all parties accessing the due diligence room.

Contact Jason Seymour

Bayleys Real Estate Limited

Bayleys Auckland Central

+64 9 309 6020   +64 21 607 999   jason.seymour@bayleys.co.nz   All Listings

With an impressive 39-year tenure in the real estate industry spanning across Europe, Asia and New Zealand, Jason brings a wealth of experience and expertise to the table as Bayleys Senior Director Capital Markets. Since embarking on his real estate journey in 1984, he has navigated the complexities of the global property landscape, emerging as a seasoned professional with a deep understanding of commercial real estate dynamics. His credentials include nine years as one of New Zealand’s leading commercial leasing agents and 15 years specialising in major asset and portfolio sales.

Jason's roots in engineering and property management have enriched his real estate acumen. His foundation in controlling the built environment and property portfolios gives him a holistic view of real estate, a perspective that resonates with clients seeking comprehensive solutions.

Over the years Jason has honed his skills across varied markets, making him a valuable asset to clients seeking unparalleled insight and a broad perspective. His knowledge traverses all facets of commercial real estate including design, engineering/technical, management, leases and acquisition and divestment. Just some of Jason’s unique strengths include a tenacious drive, meticulous attention to detail and a knack for devising tailored strategies across diverse asset classes.

What keeps Jason ahead of the competition is his insatiable appetite for knowledge. He stays abreast of international trends and economic indicators, integrating this information into his strategic approach. Jason's commitment to staying informed allows him to provide clients with the latest insights and advice.

As an industry stalwart, Jason attributes his enduring success to adaptability, a trait that has seen him through various economic crises. His extensive network of global property investors underscores his strategic thinking and ability to forge meaningful connections.

Specialising in larger asset acquisition and divestment, working primarily with onshore and offshore listed and unlisted corporations and institutions, Jason's ability to build and nurture long-term relationships suits clients with intricate requirements where trust and reliability are priorities.

Contact Mike Adams

Bayleys Real Estate

Bayleys Real Estate Licensed under the REA Act 2008

+64 21 977 527   +64 21 977 527   mike.adams@bayleys.co.nz   All Listings

Mike Adams is a Senior Commercial Broker based in the Bayleys Auckland CBD office, where he specialises in the sales and leasing of a diverse range of commercial, industrial and development properties throughout the Auckland region and beyond, and has become an integral member of the acclaimed Bayley’s Auckland City and Fringe team of agents led by Alan Haydock.

Since joining Bayley’s in late 2005, Mike has enjoyed considerable success in the real estate arena, concluding a significant number of sales and leasing transactions across a wide range of values and has been in the Top 10% of all Bayley’s Salespeople nationwide for 2014/2015/2016.

This diverse range of transactions have included tenanted investment properties, vacant commercial and industrial buildings, large scale residential and commercial development land sites, mortgagee, liquidation and receivership sales. He has also transacted a range of commercial and industrial leases, alongside a further mix of real estate transactions which include residential, waterfront, lifestyle and rural property in a range of locations.

Prior to joining Bayleys Real Estate, Mike spent almost 20 years with Giltrap Group including senior roles as General Manager of Giltrap Prestige and Independent Prestige. Since joining Bayleys he has retained very close links to number of the key people within the automotive industry.

During his real estate career Mike has built up a diverse range of clients including private individuals, corporate business entities, motor industry contacts, family trusts, owner occupiers, trading banks, accountancy and legal firms, community organisations, regional bodies etc.

Mike Adams enjoys interacting with a wide range of real estate property and people on a regular basis, and growing Bayley’s opportunities and activity in the Auckland commercial and industrial property market segment encompassing a range of commercial, industrial, residential and development precincts which include the City Fringe area, West Auckland as well as the Southern and Eastern corridor amongst others. This has resulted in a successful career which has resulted in a number of sales throughout the wider Auckland region and beyond. A selection of some recent results are included on this page, with other examples available upon request.

A significant portion of these successful transactions have been largely attributable to Mikes expertise and dedication in undertaking successful auction and tender campaigns for his vendors, with some outstanding results being achieved. A number of these campaigns have involved Mikes utilisation of Bayley’s renowned marketing disciplines including the nationwide Total Property portfolio, combined with running professional and disciplined sale campaigns for his vendors ensuring that no stone is left unturned in securing the best outcome.