A standalone commercial property in one of Auckland’s most recognisable locations is being brought to market, offering a rare opportunity for investors, developers, and owner-occupiers to secure a freehold building with outstanding exposure in the heart of the Central Business District.

Bayleys Commercial sales and leasing specialist Oscar Kuang is marketing the 121sqm (more or less) freehold site at 87 Victoria Street West for sale by tender, closing at 4:00 pm on Tuesday, 28th October 2025 (unless sold prior).

Positioned directly opposite the iconic Sky Tower and the SkyCity precinct, which includes the $1 billion to-be-opened New Zealand International Convention Centre (NZICC), the two-level building features approximately 100sqm of lettable area split between ground-floor retail and first-floor accommodation, each with a separate entrance.

Both levels are self-contained, with the ground floor previously utilised by a long-standing pawnbroker and secure storage facilities to the rear.

Kuang says the property’s vacant possession status offers rare flexibility, opening the door to a wide choice of potential uses, from retail and professional services to creative offices, hospitality and beyond.

The site’s Business – City Centre zoning further broadens the scope, permitting residential, visitor accommodation, and other mixed-use developments.

“Few opportunities combine an absolute CBD address, dual street access, and high-profile exposure to some of Auckland’s busiest pedestrian and vehicle flows. This asset delivers a compelling mix of fundamentals for investors, owner-occupiers, and developers with an eye on the city’s next growth chapter.

“While recent years have been challenging for CBD businesses – with infrastructure works and a softer economy affecting trade, we are on the verge of a resurgence. Major projects set to open next year will transform the precinct and drive opportunity.

“The location benefits from a constant stream of foot traffic from SkyCity, nearby hotels, and a wealth of dining and entertainment options. Footfall is set to rise further with the February 2026 opening of the NZICC, just 200m away, expected to draw thousands of domestic and international delegates annually.”

Bayleys Asian Markets national director James Chan says this significant infrastructure investment continues to shape the CBD. “Completion of the City Rail Link (CRL) in 2026 will bring the Te Waihorotiu Station’s Midtown entrance to the subject property’s doorstep, providing fast, direct connections across Auckland, enhancing accessibility for staff, clients and customers.

“The site’s zoning provisions are the most flexible in Auckland’s planning framework, supporting the highest intensity of development and a wide variety of permitted activities.

“The zone’s objectives seek to maintain the city centre as an international hub for business, innovation, culture and urban living, underpinned by ongoing public and private investment.

“This is a location underpinned by powerful fundamentals - tourism, infrastructure, transport and amenity - which collectively point to a strong long-term demand and value-resilience whether re-tenanted for secure income, adapting for flagship retail/office, or redeveloping to leverage zoning permissions fully,” Chan says.