3 Grey Street presents well-appointed character office space in a highly convenient fringe-CBD location. Set within a charming villa, the building has been thoughtfully refurbished while retaining its original features, creating a comfortable and practical working environment.
The property is leased to Educare Group Limited, returning $45,000 per annum. The tenant is ultimately supported by New Shoots Children’s Centre Limited, with Milford Private Equity holding a 49% stake in the parent company. The lease commenced in December 2025 for an initial three-year term, with two further rights of renewal of three years each.
The internal layout is well suited to small teams, comprising three offices, a large boardroom, and a kitchen/lunchroom. The space can accommodate up to nine workstations and includes a full bathroom with shower facilities.
Recent renovations include a new kitchen and a refreshed interior, combining crisp white finishes with native timber accents to create a warm yet professional atmosphere. The building benefits from excellent natural light and a highly functional layout suitable for a range of business uses.
Externally, the property has been well maintained, it was re-roofed in 2018 and repainted and new deck in 2025. The site offers on-site car parking, supplemented by ample street parking. A northerly outdoor aspect provides a pleasant space to step outside during the day, while external sheds offer additional storage and a commercial laundry.
Positioned just moments from the CBD, this character villa presents a compelling blend of convenience, charm, and practicality—an appealing investment with strong income and long-term flexibility.
For sale by Auction – 11am, Friday 12 June 2026, Colliers Conference Room, 211 Port Road, Port Whangarei.
Contact Megan (027 346 4194) to discuss this opportunity and arrange a viewing.
Features:
- Returning $45,000 pa net
- Institutionally backed tenant
- 111sqm office space on a 469sqm property
- Well maintained & recently renovated
- On-site parking and easy access
- Convenient fringe - CBD location
More information: https://www.colliers.co.nz/p-NZL67040182
