124 Vincent Street, Auckland Central Creating value in Auckland's CBD
TweetAvailable PropertyFiles:
- 00. Property File.zip
- 01. Floor Plans.zip
- 02. Tenancy Schedule.zip
- 04. Development Concept Plans.zip
- 05. Seismic.zip
- /03. Certificate of Title/
- title_NA54C_231.pdf
Property Description
• Rare value-add opportunity in Auckland's mid-town• 4,422sqm (approximately) over eight levels plus 60 basement car parks
• 78% occupied with $1.277m short-term net holding income
• Significant growth potential | Re-lease, convert or occupy
Situated on the southern edge of the Auckland CBD, 124 Vincent Street is a significant commercial building offering substantial upside potential through re-leasing, conversion, repositioning or owner-occupation.
Featuring generous, light-filled floor plates with sweeping urban views and a 70% NBS seismic rating, the building is exceptionally well located just a short walk from Sky City, the New Zealand International Convention Centre and the entertainment precinct around Aotea Square.
With an occupancy profile well suited to complete repositioning, the property benefits from a lease to Flight Centre across 7 levels to provide a substantial short-term holding income during the initial stages of planning for the future.
Ideally positioned mid-way between the Karanga-a-Hape and Te Waihorotiu CRL stations, this precinct of the CBD is well positioned for growth as the city flexes to accommodate a new era of connectivity.
Please fill in the form below and we'll email you a link to download the PropertyFiles, instantly.
Terms of Supply
THE VENDOR - TERMS AND CONDITIONSAccess 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 Houlker
Bayleys Real Estate Limited
Licenced under REA 2008
09 375 8437 021 945 927 mike.houlker@bayleys.co.nz All Listings
Mike Houlker is one of New Zealand’s most experienced and successful commercial and industrial real estate salespeople.
His involvement in several billion dollars’ worth of sales and leasing transactions means he has consistently been one of Bayleys' top-performing salespeople for almost four decades. He has also received independent recognition, being awarded “Real Estate Institute of New Zealand (REINZ) National Commercial and Industrial Salesperson of the Year” three years in a row.
Since joining Bayleys in 1986, Mike Houlker has had roles in sales and management in Wellington, Sydney and Auckland. His ‘cut-to-the-chase’, plain language, practical approach to all property matters has gained him not only respect in the industry, but also huge repeat and referral business.
As an integral part of the Bayleys’ commercial and industrial team in Auckland, Mike also works with Bayleys’ wider agency network across all of New Zealand and project manages a large number of national and international marketing campaigns on behalf of Bayleys’ clients. A selection of recent sales are below.
Mike is also the Head of Bayleys Funds and Investment Products Division, that he was involved in establishing in 2001, and is qualified as a financial advisor. Bayleys provides investors opportunities to access premium, high-yielding property offerings across the commercial, industrial, healthcare, and agricultural property sectors with forecast returns paid monthly. Access to ‘value-add’ fund opportunities, and debt offerings with fixed terms and higher projected IRRs are also available. With a very wide range of clients, investment amounts range from the minimum ($10,000) through to many millions spread across multiple offerings.
Working in conjunction with one of Australasia’s leading and largest property fund managers, the ASX200 listed Centuria Capital, Mike has project managed the marketing and sales of around 70 property funds with a total combined property value in excess of $2.5 billion.
To learn more about Bayleys Funds and Investment Products Division and the current investment opportunities, please visit bayleys.co.nz/funds or contact Mike.