A rare opportunity has emerged for community groups, educational institutions, investors and tenants to lease or acquire a distinctive freehold property at the heart of Auckland’s Central Business District.
Recognisable as the former home of Kadimah School, Bayleys salespeople say the property offers both historical charm and strategic value.
Situated on a tree-lined street connecting the central city with the uptown precinct and motorway interchanges, the 3,091sqm (more or less) freehold site at 108 Greys Avenue features extensive exposure and is strategically positioned overlooking Myers Park and near Auckland’s premier educational institutions, burgeoning transport infrastructure, and vibrant entertainment precincts.
Bayleys Capital Markets senior director Jason Seymour says the vacant property represents a landmark opportunity for its prime location, rich history, and stunning mid-century architecture.
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“Constructed circa 1968 and benefitting from an award-winning refurbishment in 2010, this building has served as a cultural and educational hub, holding a celebrated place in Auckland’s history.
"Its striking mid-century design features an impressive architectural aesthetic and functionality that offers an instant school opportunity available today.
“The iconic structure, with its striking facades and expansive interior spaces, offers a versatile canvas for new occupants or repurposing, making it an ideal opportunity for tenants or purchasers looking to make their mark in the city.”
Seymour is marketing the property for sale by deadline, closing at 4:00pm on Friday, 27th September 2024 (unless sold prior) with Bayleys colleagues Paula Bennett and Layne Harwood.
Bayleys Customer Engagement & Advisory national director Paula Bennett says the site’s Business – City Centre zoning and generous land area are key attributes for those looking to invest in Auckland’s growth and transformation.
“With a total net lettable area of circa 5,700sqm across multiple levels, the property is particularly well-suited for use as educational, community, or religious spaces, with long-term potential for redevelopment or expansion.”
“The surrounding area is under review by Auckland Council as part of Plan Change 78, which aims to allow six-storey developments in strategic locations. Situated just 200m from a new rapid transit stop and the city centre, the property is ideally positioned for even further development. A decision on this plan change is expected by March 2026.”
The current layout includes a four-storey major hall, a two-level minor hall, classrooms, offices and a basement area supplemented by car parking and courtyard space.
Bayleys Auckland Metropolitan Markets director Layne Harwood says the property’s location on Greys Avenue – one of the city’s historic arterial links – offers stunning views over Myers Park and the CBD and benefits from proximity to key city landmarks.
“It is within walking distance of major public transport nodes, including the Karanga-a-Hape Station of the City Rail Link network, which will significantly enhance connectivity when completed. This strategic location also offers easy access to the motorway network, Queen Street, Karangahape Road, and other central city amenities – making it an ideal home base for businesses, educational institutions, or community-focused enterprises.
“With an A-grade seismic assessment, this prime asset's structural integrity and safety enhances its appeal as a long-term investment. Whether continuing its legacy as an educational or cultural venue or transforming it into a modern commercial or mixed-use space, the property offers a compelling range of future-use options.”
“The opportunity to acquire such a distinctive property with vacant possession and flexible zoning is scarce, and represents a unique chance to shape the future of a Central Auckland landmark.”
- Supplied by Bayleys
