Standalone Auckland CBD investment for sale at 105 Vincent Street in Auckland

Standalone Auckland CBD investment for sale at 105 Vincent Street in Auckland 1536x1040

Vacant CBD church with redevelopment upside

A vacant church property is for sale on one of Auckland CBD’s most attractive and best-connected streets, presenting an exceptional opportunity to reposition or redevelop in the heart of the city.

Situated within Auckland’s dynamic arts and entertainment precinct, 105 Vincent Street comprises a standalone two-level building on a 536sq m freehold site.

It was most recently used by the Auckland Chinese Presbyterian Church as a chapel, community centre and Sunday school.

The congregation has now outgrown the property, creating a rare opportunity to acquire a landholding in Auckland’s CBD.

The Presbyterian Church Property Trustees have exclusively appointed Colliers International to market 105 Vincent Street for sale by deadline private treaty.

Offers close at 4pm on Thursday 26 September, unless it sells earlier.

Site Sales Director Josh Coburn says the property’s appeal lies in its generous zoning, central location, excellent accessibility and amenity.

“This is a significant opportunity for an add-value investor, developer or owner-occupier to acquire a CBD property with abundant potential for future upside.

“The site’s Business City Centre zoning allows for intensive mixed-use redevelopment, with permitted activities including residential, office, retail, accommodation or a mix of these.

“The property fronts one of the most aesthetically pleasing streets in the CBD, with a wide footpath and beautiful tree-lined verges providing a leafy, tunnel-like canopy above the street.

“It is located in a hub of arts and entertainment activity centred on nearby Aotea Square, where many of Auckland’s most prestigious events are held.

“Notable venues include the Aotea Centre, Auckland Town Hall, Q Theatre, Classic Comedy Club and the historic Civic Theatre.”

Coburn says the wider area is poised to benefit greatly from the upcoming completion of the City Rail Link, which will create two new underground train stations within a short walking distance.

“This will add greatly to the existing transport amenity, which includes regular bus routes and excellent accessibility to motorways in all directions.

“Taken as a whole, these attributes make 105 Vincent Street a superb opportunity to add significant value.”

Jonathan Lynch, Associate Director of Investment Sales at Colliers, says the 436sq m building was originally built in the 1950s as a low-rise commercial development that was subsequently altered.

“The property comprises a standalone building with some 18m of street frontage. It sits on a largely regular-shaped site with a gently sloping contour.

“The 134sq m ground floor, which is mostly occupied by a chapel, is smaller than the upper level due to the contour of the site.

“The larger 232sq m first floor comprises a high stud, hardwood-floored community hall with a stage, along with a full kitchen and bathrooms.

“The rear of the section comprises a deck and a 48sq m building used for Sunday school classes. The property also has 22sq m of storage space.”

Investment Sales Director Tony Allsop says the property is on the western side of Vincent Street, close to the Mayoral Drive intersection.

“Vincent Street links Albert Street with Pitt and Hopetoun Streets, providing access to the Karangahape and Ponsonby quarters.

“While it is not as busy as the main arterials connecting with the motorway – such as Hobson, Nelson, and Pitt Streets – it does benefit from constant traffic throughout the day.”

Allsop says surrounding development includes a mix of medium-rise 1980s office buildings and residential apartment blocks.

“The property is a short walk to the southern end of Queen Street, which has a range of cafes, restaurants and bars.

“It is also about 450m from the future Aotea Station, which is expected to be the most popular CRL station once completed, and 500m from Karangahape Station in the opposite direction.

“The motorway network in northern, southern and western directions is a 320m drive from the property.”

Investment Sales Broker Matt Plowman says there is a huge amount of activity in the area, supported by significant infrastructure investment by Auckland Council.

“Auckland’s western CBD fringe is undergoing significant rejuvenation, development and growth.

“The success of the Victoria and Wynyard Quarters demonstrates the demand for quality developments outside of the traditional CBD.

“One example of successful urban renewal in the area is the nearby City Works Depot – a cluster of trendy boutiques, cafes and creative businesses in a revitalised former council workshop.”

Plowman says new opportunities will likely emerge once New Zealand Police move out of the premises they have occupied since 1967, at the corner of Vincent and Cook Streets.

“The nine-storey, 4,500sq m Auckland Central Police Station will be repurposed for another use, likely bringing refreshed life to the immediate area.”

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Josh Coburn

Director | Site Sales

Auckland West

Tenacious, personable and driven, Josh Coburn draws on 16 years' experience in New Zealand's property sector in his role as Director of Site Sales at Colliers International. His key focus and passion are delivering quality development opportunities to the market and acting as a partner in the development process to see projects come to fruition.

Futhermore, Josh is the General Manager of Collier's West Auckland Business, overseeing 7 brokers in a rapidly emerging Metropolitan market.

Josh re-joined Colliers International in 2015 after four years working as the Development Manager for Haydn & Rollett Construction - a role in which he focused on development of commercial and industrial properties joint ventures, and commercial-scale residential opportunities.

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Jonathan Lynch

Associate Director

Auckland CBD

Senior expertise in Commercial Property Sales and Leasing in central and city fringe Auckland. Completed over $450 million+ sales transactions over the previous 9 years since joining in early 2010 with a focus on investment properties, mixed-use developments, redevelopment sites comprising under-utilised improvements, land sales and office, retail and warehouse leasing.

BBS Degree (Massey University) majoring in Real Estate; 10 years of business development experience in the FMCG sector and previous role as a property manager at Jonmer Projects providing a comprehensive understanding of key drivers in both general business and the property market, together with the added benefit of an appreciation of client liaison & needs.

Client feedback:

"I'm delighted to be able to offer the sincerest thanks from the owners of 36 Rossmay Terrce and 52 St Lukes Road. Your diligence and professionalism throughout every aspect of these campaigns for the sale of both properties was a strong factor in the extraordinary results achieved for the vendors in each case.

I would be readily recommend you as a 'dream team' within the superb Colliers group." - Parnell Services Limited (for Jonathan Lynch & Hamish Paterson)


"We recently appointed Jonathan Lynch and Peter Kermode of Colliers International to sell our property at 2 Haultain Street, Mt Eden via auction. We found both Jonathan and Peter to be very effective and professional in their approach to the market and generated significant interest resulting in a sale price beyond our expectations.
We have no hesitation in recommending Jonathan, Peter and the investment sales team at Colliers International for anyone considering selling their commercial property".
- Douglas Wood & Robert Allsop-Smith

Please contact me on 021 900 611 for all or any commercial property advice

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