A heritage-listed property on a key Auckland pedestrian lane is for sale, offering investors the chance to purchase an important piece of Auckland’s hospitality history.
The commercial building at 12 Vulcan Lane, known as the ‘Queens Ferry Building’ since 1865, is a designated Category 1 property under New Zealand’s Historic Places Act, recognising its aesthetic, architectural, and cultural value.
According to Alan Haydock, director of Bayleys Auckland City & fringe team, the building is a rare and unusual proposition for the market, being multi-tenanted and providing a good income while retaining elegant historic architecture.
“Being the oldest licensed pub in Auckland, the establishment presents an unmatched opportunity for a new owner to secure a part of the city’s storied hospitality legacy, forgoing none of the traditional investment fundamentals that see commercial assets stack up,” he said.
“A popular watering hole just off Auckland’s ‘golden mile’ of Queen Street, Vulcan Lane is a trendy retail and hospitality destination, with the premises a rare surviving example of Victorian-era row architecture.”
The 314sqm three-storey building is being sold by tender that will close at 4pm on Tuesday, June 20.
Damien Bullick, assistant director at Bayleys Auckland City & fringe, said numerous tenants with varying lease arrangements occupy the property, including the Confidential Bar & Eatery, an all-day venue with outdoor lane eating licences.
Several heritage buildings on Auckland’s Queen Street were placed on the market earlier this month, offering architects and developers a “exceptionally rare” opportunity to reshape the CBD.
