A significant office tower in Auckland’s Midtown is being brought to market, offering value-add investors, hoteliers and owner-occupiers scale, consented optionality, and positioning, squarely aligned with the next phase of CBD regeneration.
Bayleys Capital Markets’ senior director, Jason Seymour, together with colleagues Alan Haydock and James Chan, is leading the International Expressions of Interest campaign for the freehold property at 80 Greys Avenue, closing at 4:00 pm on Tuesday, 24th March 2026 (unless sold prior).
Seymour says the property offers a genuine blank canvas in one of Auckland CBD’s most connected mixed-use corridors.
“With 5,429sqm across 10 levels, supported by 93 on-site car parks, Business – City Centre zoning and an A-grade seismic assessment, 80 Greys Avenue gives investors the freedom to set their strategy – from premium office repositioning to hotel or serviced accommodation, residential, education, or owner-occupied use.”
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He adds that the vendor’s willingness to consider structured transaction pathways further enhances the asset’s appeal as a scalable value-add opportunity.
The property is located on the leafy, park-front edge of Midtown, moments from the Aotea Arts Quarter, and within walking distance of the new Karanga-a-Hape and Te Waihorotiu CRL stations.
With the CRL confirmed as opening to passengers in the second half of 2026, Seymour says Midtown is set to experience a step-change in accessibility and foot traffic - an inflexion point that will increase demand for accommodation, education and workplace uses across the precinct.
“Investors are increasingly focused on value creation through execution, looking further than passive yield. In this case, the fundamentals are already in place – scale, efficient floor plates, and a live resource consent enabling the conversion of Levels 1-5 into 125 hotel rooms – allowing buyers to move decisively.”
Bayleys Metro Markets’ senior director, Alan Haydock, says the building’s consented optionality, modernised services (HVAC, lifts, roof works), and partial holding income materially improve feasibility and shorten time to income.
“As Midtown’s accessibility improves, demand dynamics change. Consented pathways reduce planning risk and allow capital to move quickly – whether that’s delivering hotel or serviced accommodation or repositioning the building into a higher-performing office aligned with a more connected CBD.”
He adds that the CRL’s opening shifts Midtown’s role within the city. “That structural change is what strengthens occupier and investor demand across Upper Queen Street and the Karangahape Road catchment – and why timing matters for opportunities like this.”
Bayleys Asian Markets’ director, James Chan, agrees that Midtown’s transformation is resonating strongly with offshore private capital and family offices seeking adaptive reuse opportunities at scale.
“Midtown is moving into global city mode – walkable culture, parkside living, rail on the doorstep and the New Zealand International Convention Centre (NZICC) opening this week, several minutes’ walk away. That convergence supports demand across hotel, extended stay and residential uses, and is why 80 Greys Avenue is attracting attention from investors looking to reposition well-located assets.”
Beyond transport, the NZICC opening is expected to materially lift visitation and business events, adding another tailwind to Midtown’s accommodation and hospitality pipeline.
“CRL-enabled commuting layered with event-led visitation supports more resilient year-round occupancy,” Chan says. “Coupled with the vendor’s willingness to consider structured transaction pathways, it enables investors to underwrite income with confidence.”
“With a resource consent secured, the current owner is using this juncture to rebalance its broader New Zealand portfolio, bringing a de-risked, value-add opportunity to market at a point in the cycle where interest rates are supportive of repositioning strategies. For purchasers, the combination of consented optionality, scale and improving CBD fundamentals creates a compelling platform for execution as Midtown enters its next phase of growth.”
- Supplied by Bayleys
