103 Vincent Street, Auckland Central, Auckland

Significant CBD opportunity - with options

• Large 1,324sqm freehold site in a strategic location
• Existing multi level well presented accommodation building
• Favourable Business- City Centre zoning which provides a range of options
• A-grade Seismic rating and recent building upgrades
Bayleys are pleased to offer this strategic Auckland CBD property to the market by way of tender.
First time offered to the market since 1999, this 1,324sqm property is currently operating as an operational accommodation facility, providing 173 accommodation rooms plus associated amenities over seven levels, with secure parking to the rear.
The building was originally used as a Police Barracks and was upgraded following its purchase in 1999 with an additional seven level wing added circa 2004.
The building has a 99% IEP rating and is presented in very good condition having received several upgrades and renovation works in recent times. Details of these will be provided to interested parties as part of the comprehensive information package which is available upon request.
The vendors will consider options including vacant possession or the possibility of a purchaser taking over in part or whole the existing accommodation operation.
This property provides options and appeal to a diverse range of buyers including accommodation providers, developers, owner occupiers, special interest groups, and add value investors.
The current fit out and chattels included in the sale will provide appeal to a range of accommodation providers and associated parties looking for the possibility of early occupation of a large scale facility.
The central location offers ease of access to a range of attractions and amenities including the CBD, Sky City, various hospitality zones and ease of access to various public transport systems including the under-construction City Rail Link.
Please call the sole agents now for full details of the multiple possibility's the property offers and to receive a copy of the information memorandum and YWCA Covid viewing protocols.