Available PropertyFiles:

  • /Auckland Council Property Files/
    • Property Files.zip
  • /Other/
    • Quality Statement Seismic_2024.pdf
  • /Plans /
    • Plans - Heritage_Maps_Floor Plans.zip
    • Potential Classroom Layout 2024.pdf
  • /Record of Title & LIM /
    • LIM_108-116 Greys Ave_08-01-2021.pdf
    • Record of Title_108-116 Greys Avenue.pdf

Property Description

• Substantial improvements previously used for private schooling purposes
• Ideal for education, charter schools, community and religious groups
• Outstanding CBD fringe location with easy access to Aotea and Karangahape City Rail Link station and motorway junctions
• Unique mid-century architecture and spatial design

An investment opportunity without comparison in New Zealand, providing buildings with stunning original late 1960s architecture offering enormous scope for a variety of users, owner-occupiers, add-value investors, creative tenants or developers.

It is particularly well suited to education and religious groups, while improvements could suit creative commercial or community users with buildings developed over four levels including secure and private courtyards.

The property is positioned adjacent to Myers Park at the southern and elevated end of Greys Avenue and enjoys superb views to the CBD beyond with direct access to Myers Park. This is a transforming and vibrant neighbourhood with a strong focus on residential, hotels and commercial uses.

Its proximity to the City Rail Link network will offer considerable long-term value and future development potential to the property.

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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 Layne Harwood

Bayleys Real Estate

Bayleys Real Estate Licensed under the REA Act 2008

+64 21 630 136   layne.harwood@bayleys.co.nz   All Listings

Layne is Auckland based and one of New Zealand’s most successful brokers, in the corporate office sector.

Major cross border deals include to Deka Immobilien (146m) and Morgan Stanley ($91.3m). He has over 40 years’ experience in the commercial property industry with all transactions completed totaling over $1.5b.

Layne is a qualified valuer and previously the owner and Managing Director of Knight Frank New Zealand before selling the business to Bayleys in 2018. Layne’s contribution to the commercial property sector is impressive. He is a past president of the Property Council of New Zealand for the South Island and is a regular media commentator on commercial property matters.

Layne has very strong relationships with Corporate developers, NZ listed sector groups, key corporate investors, HNW family offices and off-shore investors who have an interest in New Zealand.

Layne will be responsible for the campaign and primary liaison with the vendor.