50 Queen Street, Waiuku Landmark property - invest, occupy, or add-value

Available PropertyFiles:

  • LIM.zip
  • Lease.zip
  • OPEX.zip
  • PropertyFiles.zip
  • Reports.zip
  • Seismic Report.pdf

Property Description

Key features
• A+ Seismic (IEP) Rating
• High-profile freehold corner site
• Current rent, plus potential rent (when fully-leased) of $110,000pa + GST

Step into a rare opportunity to own a piece of Waiuku's history in this prominent, character-filled building, positioned in the heart of the township. Originally established as a bank in 1920, the property at 50 Queen Street has undergone significant upgrades, including a comprehensive structural enhancement by ANZ in 1993.

Sitting proudly on a 577sqm (more or less) freehold corner site, the building spans approximately 425sqm (approximately) over two titles and offers excellent street presence and accessibility. The classic facade nods to the building's heritage, while the interior provides a flexible layout suitable for a wide range of commercial uses.

The basement is currently leased to ASB Bank, housing an ATM on a secure lease through to 2030, including annual 3% rental increases, generating a steady income of $30,900pa + GST. The main street-level floor is currently vacant, presenting an outstanding opportunity for an owner-occupier or investor to unlock additional income or redevelop for retail, hospitality, office, or professional service use.

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Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Throughout his distinguished 18-year career with Bayleys, Tony Chaudhary has built an exceptional reputation in New Zealand's commercial property sector. His proven strategies and outstanding results have established him as a leading figure in the South, East & West Auckland markets.

Market Excellence: With deep expertise in investment sales and tenanted retail opportunities, Tony has become a trusted name across Auckland. His comprehensive analysis of market dynamics and keen understanding of yield optimization enable clients to maximize their investment returns. This specialized knowledge, combined with strong connections to property owners, corporate clients, national retail groups, and international investors, frequently unlocks opportunities before they reach the open market. Through years of trusted partnerships and masterful negotiation skills, Tony has achieved numerous record-breaking sales that consistently deliver superior outcomes for his clients.

Strategic Innovation: Several key factors distinguish Tony's approach in the competitive marketplace. His extensive network of investors, business owners, and developers facilitates swift, efficient transactions, Tony identifies and maximizes each property's unique value proposition with sophisticated marketing strategies and deep market insights, making him the trusted advisor for discerning property owners seeking exceptional results.

Backed by the prestigious Bayleys brand, Tony's commitment to excellence and client success continues to set new standards in commercial property services. His strategic guidance and comprehensive market knowledge make him the preferred choice for investors seeking to optimize their property portfolio value in today's dynamic marketplace.


Contact Sanjay Vaziranni

Bayleys Real Estate Limited

Licensed under the REA ACT 2008

+64 20 594 15555   +64 20 594 15555   sanjay.vaziranni@bayleys.co.nz   All Listings

With a decade of experience in the commercial real estate sector, I specialize in both leasing and selling properties. I’ve developed a keen understanding of the market, making it easy to help my clients navigate the often complex landscape of commercial real estate.

I believe that each transaction is not just about a property, but about building lasting relationships. I pride myself on bringing a personal touch to every deal and interaction. Whether you're a first-time business owner or a growing business looking for the perfect space or an investor seeking the next lucrative opportunity, I ensure your needs are not only met but exceeded.

Known for my energy, enthusiasm, and approachable nature, I’m always ready to engage in thoughtful conversations with my clients, making sure they feel heard and understood. Every step of the way, I’m here to support your vision and make the process as smooth as possible.