74 Grey Street, Gisborne Central, Gisborne

Iconic landmark with further income potential

74 Grey Street - one of Gisborne's most iconic and prominent commercial properties, presenting a landmark investment opportunity rarely seen on the market.

Situated on a generous 5,094sqm (more or less) with dual access from Grey and Bright Streets, this freehold property offers outstanding exposure and convenience. The building features 6,152sqm (approximately) of floor space over 5 levels and a substantial rear parking area accommodating nearly 60 vehicles. Originally built in 1970 as Gisborne's new post office, it has been extensively upgraded over its 56-year history. Modern refurbishments include smart office spaces, contemporary meeting rooms, and staff amenities on every floor, while earthquake strengthening to 70% NBS ensures security, longevity, and peace of mind.

The property includes offices ranging from approximately 25sqm to 700sqm, with undeveloped ground floor areas providing further growth potential. Tenancy is diversified across a variety of professional tenants, offering strong rental income and excellent opportunities to increase returns even further. With superb views across the city and beyond from many upper floor tenancies, 74 Grey Street combines prime location, versatile office layouts, and high-quality upgrades, making it a rare commercial investment in Gisborne.

Properties of this calibre seldom come to market. Ideal for syndicates, family trusts, or investors seeking long-term returns well above term deposits - tenders now open for 74 Grey Street. Don't miss this rare opportunity.

Tender (unless sold prior)
4pm, Thu 14 May 2026
Bayleys, 10 Reads Quay, Gisborne