2 Day Street, Auckland City

Available PropertyFiles:

  • /A. Record of Title/
    • Day Street 2_666152_Title.pdf
  • /B. Lease Documents/
    • Deed of lease.pdf
    • Rent review letter to ACM 2025.pdf
  • /C. Other Reports/
    • 2 Day St BWOF.pdf
    • 2 Day St Fire Report.pdf
    • 2 Day St Floor Plans.pdf
    • 2 Day St Income & Opex.pdf
    • 2 Day St Insurance Certificate.pdf
    • 2 Day Street Council Property File.zip

Property Description

Strategically located just off Karangahape Road, 2 Day Street presents a rare opportunity to acquire a substantial accommodation asset in Auckland’s vibrant city fringe. This 11-level residential building, constructed in 2018, spans approximately 2,509sqm on a 315sqm freehold site, and is fully leased to Auckland City Mission Housing Limited, a respected provider of long-term housing solutions.

Zoned Business – City Centre, the property sits within Auckland’s premier commercial planning zone. This zoning not only supports the current residential use but also provides future flexibility for mixed-use or commercial redevelopment (subject to consents). Its location within a high-growth urban corridor ensures enduring relevance and long-term strategic value.

The lease is structured on a gross rental basis, with the tenant paying $1,671,729pa plus GST (if any). The agreement includes annual CPI rent reviews and a market rent review at renewal, offering built-in rental growth. The initial lease term commenced in July 2022 for nine years, with one right of renewal for a further nine years, extending potential occupancy through to 2040.

Constructed to modern standards, the building reflects strong design quality and operational efficiency. Its scale and configuration support long-term residential use, with the added benefit of being located in close proximity to Auckland’s CBD, motorway networks, and future City Rail Link stations. Residents enjoy easy access to retail, hospitality, medical services, and tertiary institutions, reinforcing the property’s appeal and functionality.

This offering is ideally suited to passive investors seeking stable returns, institutional buyers focused on social infrastructure, or portfolio holders looking to diversify into secure, government-supported housing. The tenant’s funding is backed by the Ministry of Housing and Urban Development, and the lease terms reflect a strong alignment with public sector housing objectives.

With its scale, quality, zoning flexibility, and secure income profile, 2 Day Street represents a compelling opportunity to acquire a modern, future-proofed residential asset in one of Auckland’s most connected and evolving urban precincts.

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Contact Steven Liu

Bayleys Real Estate Limited

Licenced under REA 2008

+64 21 808 579   steven.liu@bayleys.co.nz   All Listings

Steven Liu is an Associate Director at Bayleys Commercial North Shore and was the winner of the 'Richard Valintine' Spirit of Auction Award in 2021. Specialising in marketing campaigns for investment sales, commercial development sales, and leasing with a substantial database of investors and tenants.

With over 15 years of customer service and sales experience, he has established a trustworthy reputation among commercial clients in various industry fields. After Steven sold his successful entertainment and hospitality business in 2008, he was then employed by one of the Fortune Global 500 companies, where he gained rich experience in marketing, procurement, and business operating process control.

Highly efficient, hard-working, energetic, perfectionist who will always put you first. Target-driven and customer-focused are his slogans and dedicated and working smart are his attitudes. Steven is passionate about work and life, a big fan of bachata and salsa, toastmaster, and his planking record is 1 hour and 6 minutes.
Steven is available to chat with you on a 24/7 basis and is able to advise on every aspect of commercial development, sales, leasing, and marketing with great communication and a warm customer experience.