Property Description

Secure a rare, centrally located freehold 2.3150ha (more or less) site in the highly sought-after Auckland suburb of St Johns. Positioned adjacent the new Park City development, this provides an unparalleled opportunity to develop at scale with either medium to high-density housing, commercial or light industrial under the Business - Mixed Use zone.

Featuring a large industrial-style building developed by the University of Auckland, this property includes high-stud warehousing, research hubs, and open-plan commercial spaces, offering diverse occupation options.

With proven residential demand in the area, this is an ideal location for developers aiming to capitalize on Auckland's growing housing market.

Lot 1:
• Industrial style buildings including high stud warehousing
• Total building GFA - 4,778sqm (approximately)
• Land area - 5,800sqm (more or less)
• 80% NBS rating

Lot 2:
• Land area - 1.7350ha (more or less)
• Metaled yard area - 1,300sqm (more or less)
• The site is partially leased

Key Metrics:
• Total combined freehold land area of 2.3150ha (more or less)
• All lease agreements include a termination clause
• Potential for medium to high-density residential and mixed-use development
• Lot 1 and Lot 2 can be purchased together or separately

Located in a well-established eastern suburb with excellent schools, retail, commercial services, and transport links, this area offers amenities like Felton Mathew Avenue retail, Stonefields Markets, Remuera Golf Course, and Lunn Avenue's commercial hub.

The vendor is motivated - all offers considered. Tender closes at 4 PM, Wednesday, 30th October 2024 (unless sold prior).

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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 bona 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 Tommy Zhang

Bayleys Real Estate Limited

Bayleys Auckland Central

+64 9 309 6020   +64 21 760 889   tommy.zhang@bayleys.co.nz   All Listings

Tommy is a commercial and investment sales director in the Bayleys Auckland Metropolitan Markets team, specialising in metropolitan development projects, leading the market in Chinese-to-Kiwi and Kiwi-to-Chinese property transactions. Tommy has over 7 years experience working with Asian-based high net worth individuals and families specialising in the sale of both investment assets and large development sites.

Tommy works closely with Bayleys Knight Frank colleagues not only in New Zealand but also in Australia, Greater China and Singapore. Through these connections he can share New Zealand investment opportunities with Bayleys Knight Frank’s extensive client base, which includes private investors, family trusts and institutions. He is actively involved with New Zealand’s Asian community and works with both local and offshore investors.

Tommy not only brings an extensive network of active domestic and offshore buyers, but also has built a strong network of collaborative relationships with some top commercial lawyers, financial advisors, corporate bankers and fund managers to ensure maximum exposure and interest in assets which leads to premium results.

Prior to starting the commercial real estate in 2016, Tommy was the merger and acquisition manager at the Bank of China and holds a good working relationship with other Chinese banks in New Zealand. His job was to assist New Zealand businesses realise their global ambitions by connecting with Bank of China corporate investors with ambitious and growing businesses.

Tommy has lived in New Zealand for many years and understands both Chinese and Kiwi culture. Being able to understand how the Chinese investors work and holding those relationships, whilst having the ability to advise on the New Zealand market is a unique skill that Tommy can offer. Not only is he able to assist property owners achieve the maximum value from their investment properties, but he also ensures that future Chinese investments here in New Zealand stand the best chance.

Contact Ian Hall

Bayleys Real Estate Limited

Bayleys Auckland Central

+64 9 309 6020   +64 21 451 411   ian.hall@bayleys.co.nz   All Listings

Ian’s experience in the property industry spans decades. His expertise, track record and reach throughout the industry are well known, as is his reputation for delivering better than expected results across all asset classes of commercial property.

Ian has been in real estate his whole professional life, from a young 19 year old starting leasing and selling small units on the North Shore, through to being recruited at 21 to a global real estate firm in industrial leasing. He then moved into sales on the city fringe and investment sales until becoming a director in their capital markets team.

Having joined Bayleys as a Director in the Investment sales team, Ian specialises in larger Auckland metropolitan assets, institutional grade investments and complex transactions as well as development sites in Auckland central.

His reputation has always been forged on building strong relationships and Ian is proud to serve an extensive list of long-term clients, many of whom he has assisted with their commercial property needs as they have grown from entry level to senior positions within their chosen fields. This has included brokering deals for multiple foreign governments, nearly all the listed property trusts and syndicates and, more recently, working extensively with companies establishing New Zealand’s build to rent sector.

Ian thoroughly enjoys the variety of people he has the privilege to work with, undertaking often-complex property transactions to produce an outstanding result. Carefully crafted campaigns and highly structured processes enable Ian to always find the best outcome for his client’s unique needs. As testament to his abilities, Ian is pleased to enjoy a great deal of repeat and referral business. His expertise sees him in demand assisting high net worth individuals, syndicators, developers, listed property trusts and foreign capital investors. His clients demand the best and that’s why they choose to work with Ian.

Outside of work Ian likes to spend time at his holiday home in Raglan for surfing, golf, runs, tennis, and a few long lunches. Having been in property such a long time Ian recognises the benefits for his clients of Bayleys’ best in class reputation and powerful marketing team. Bayleys’ links to the community and its ethos of giving back also sit well with Ian’s personal life philosophy.

Ian loves assisting clients to get the best outcome from the sale of their larger commercial assets, institutional grade investments and development sites in Bayleys Auckland Metropolitan Markets team.