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News Release

Auckland, New Zealand

Twentieth century heritage site for sale in Britomart



Long term investment with development potential/new-zealand/en-gb/news/916/long-term-investment-with-development-potentialAUCKLANDLong term investment with development potential
Former Fire Station on high profile corner site/new-zealand/en-gb/news/915/former-fire-station-on-high-profile-corner-siteCHRISTCHURCHFormer Fire Station on high profile corner site

​​After a period of neglect in the 1980s and 1990s, the New Zealand Historic Places Trust gave formal heritage protection to the Custom and Quay Street areas of Britomart. As part of their reestablishment program, the master plan for Britomart included the refurbishment of 18 heritage buildings as well as the construction of seven environmentally-friendly new ones; among the buildings to be refurbished was the building at 102 Quay Street.

Formally known as the ‘Wharf Police Station’, this well-preserved historical structure on 102 Quay Street in Britomart Auckland’s CBD is on the market for sale. The building is rich with history, built in 1904, it remained as the head office to the Australian company, Colonial Sugar Refining company (CSR) for more than 50 years. In 1961 the New Zealand Police took over the lease of the building and it operated as the Wharf Police Station up until 1993.

Director of Capital Markets for JLL, John Binning, who is offering this unique property for sale via expressions of interest closing 16th June says, “The building holds significant heritage value and underwent a full refurbishment in 2009 to a very high standard; not only did the interior remain well-preserved, the building is 100% seismically sound and still holds onto its rich twentieth century heritage and character.”

Binning continues, “Britomart is one of Auckland’s most vibrant commercial, retail and entertainment districts and continues to be supported by the thousands of visitors and residents who pass through the precinct on a daily basis.”

The recent census survey for the Auckland Harbour area which includes the Britomart precinct saw a 61.2% or 1,710 person increase to reach 4,503 people since the survey in 2006. In 2013, Auckland transport estimated that public transport patronage for Britomart which includes rail, bus and ferry, reached around 35,000 persons per day during peak hours. In addition, a recent pedestrian count for the area indicated that around 800 people per hour passed by key nodes in the precinct up 36% from the year prior.

As resident and visitor numbers continue to grow, several locations have been selected to meet the demand. Four main sites have been selected for redevelopments which include the Britomart Central, Galway Street, Tyler Street and the Seafarers Building. Future plans for a further retail, office and potential apartment development on the other sites have been announced and will be completed as demand requires it.

102 Quay Street, designed by architects Charles Arnold, is occupied by well-established tenant, ‘Brew on Quay’, a friendly restaurant and bar whose lease remains up until June 2033. The Brew on Quay offers two Victorian style private rooms each seating up to 20 people, and a mezzanine roof top bar; the only one of its kind in Auckland. Driving further value in this asset is that the building is prepaid with no ground rent for 140 years (2054).

Britomart supports over 100 businesses, has the largest rail and ferry transportation hubs in the region as well as a variety of restaurants, bars and cafes and boutique shopping outlets which continues to see strong growth.