7-9 Union Street, Auckland Central Auckland Portfolio Divestment

Available PropertyFiles:

  • /A. Record of Title and Interests/
    • Interest_12776290_3.pdf
    • Union Street 7-9 (159Nelson)_title_NA44B_1151.pdf
    • Union Street 7-9 (159Nelson)_title_NA44B_1152.pdf
    • Union Street 7-9_title_NA44B_1150.pdf
    • Union Street 7-9_title_NA575_303.pdf
  • /B. Lease Documents/
    • 1-9 Union Street Tenancy Agreement.pdf
    • 2-9 Union Street Tenancy Agreement.pdf
    • 3-9 Union Street Tenancy Agreement.pdf
    • 5-9 Union Street Tenancy Agreement.pdf
    • 6-9 Union Street Tenancy Agreement.pdf
    • 7 Union Street - DOL_Quick&Fresh Limited.pdf
    • 7-9 Union Street -DOL - APN Outdoor Limited.pdf
    • 7-9 Union Street Tenancy Agreement.pdf
    • License Fee_Rental - JCDEACAUX Inv.pdf
  • /C. LIM Report/
    • 7 Union Street_LIM Report.pdf
    • 9C Union Street_LIM Report .pdf
    • Level 1_Union Street_159 Nelson_LIM Report.pdf
    • Level 2_Union Street_159 Nelson_LIM Report.pdf
  • /D. Building Reports and Valuations/
    • 9C Union Street_Concept_07-08-2026.pdf
  • /E. Auckland Council files/
    • Auckland Council Files_9C Union Street.zip
    • Level 1_159 Nelson_7-9 Union_Auckand Council files.zip
    • Level 2_159 Nelson_7-9 Union_Auckland Council files.zip
    • Union Street 7-9 Auckland Property Files.zip
  • /F. Information Memorandum/
    • Union Street 7-9_Information Memorandum (1).pdf

Property Description

• Split-risk investment with residential, retail, office and signage income
• Returning $668,925pa + GST with value-add potential (fully leased c. $770,000)
• High-profile 886sqm corner site with excellent motorway exposure
• Intensive CBD zoning and 40m height limit offer redevelopment upside
• High-yielding CBD investment with growth and redevelopment potential

A rare opportunity to secure a diversified mixed-use CBD investment with rental growth and redevelopment potential. Returning $668,925pa + GST from 10 residential apartments, commercial tenancies, plus a long-term APN signage lease,
the property offers immediate upside through leasing vacant space or repositioning commercial areas to additional residential tenancies. Occupying a prominent corner site on the Union Street Ridge, among Auckland CBD's premium apartment developments, this high-yielding asset presents significant value-add potential. Due to a change in the vendor's circumstances, this property forms one of four portfolio properties to be sold individually, together or in any combination offered
for sale by tender (unless sold prior).

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Terms of Supply

The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.

Contact Michael Nees

Bayleys Real Estate Limited

Licenced under the REAA 2008

+64 9 489 0963   +64 21 182 3085   michael.nees@bayleys.co.nz   All Listings

Michael is a Senior Broker at Bayleys Commercial on the North Shore. Specialising in Investment Sales, Michael has concluded in excess of $200 million of transactions of this nature and has been a top 5 Broker at Bayleys North Shore for the last 3 years.

Recognised as one of the leading Investment Sales Brokers across all agencies on the North Shore, Michael has amassed numerous accolades in his career including membership to a distinguished national group of brokers under the age of 35 to achieve specific key performance indicators.

This blend of experience and results combined with a youthful passion and enthusiasm for his work has produced an impressive track record of record prices/yields and a reputation for being able to conclude some of the most challenging transactions in the market in recent memory.

Michaels philosophy is simple, to add value to his clients transactions by any ethical means necessary. Armed with a Degree in Property Valuation and Management and a determined and tenacious nature this often involves going beyond the “extra mile” to achieve the best outcome for his valued clients.

Michael has a proud North Shore heritage being a Rangitoto College and Massey University alumni and is passionate about the future of the region.


Contact Damien Bullick

Bayleys Real Estate Limited

Bayleys Auckland Central

022 420 6845   damien.bullick@bayleys.co.nz   All Listings

Damien Bullick has been working in commercial real estate for ten years. He is a Commercial Sales agent with Bayleys Real Estate Limited and has a primary focus on investment and development property in Auckland Metropolitan area.

Damien’s passion for people and property has enabled him to achieve fantastic results for his vendors. Having previously held a position as a Commercial Marketing Manager for Bayleys Realty Group, Damien specialises in the on-market promotion of city fringe commercial and development property by Tender and Auction. Damien is consistently ranked in the top 10% of Bayleys Nationwide Commercial agents.

Damien has also worked in London for Christies International Real Estate, with a focus on the marketing of property around Europe. Damien has a Bachelor of Management Studies from the University of Waikato, majoring in Finance and Strategic Management.