For sale - Oasis in the CBD
A truly exceptional property in the heart of Gisborne's CBD, offering a rare combination of expansive living, privacy and established income.
One of Gisborne's most prestigious live-and-earn opportunities, this earthquake-strengthened and extensively renovated property has had just two owners since 1904.
The first floor features an expansive penthouse that can be configured with either two or four bedrooms. The penthouse has a generous open plan living, quality fixtures, a master bedroom with ensuite, all-day sun and two decks for outdoor living. Despite its central location, the residence is quiet and private, with double glazing throughout.
Also on the upper level is a dual-key two bedroom apartment, a one-bedroom apartment with its own stairwell access, and an additional space that is currently operating as a yoga studio.
On the ground floor are three premium main street retail tenancies, providing established commercial income.
To the rear of the building is a large secure carpark with electric gate and three-car garaging, as well as additional storage. A comprehensive security system provides further peace of mind.
With no lawns or gardens to maintain, this is a genuine lock-and-leave opportunity offering an outstanding combination of luxury, privacy, security and income in a prime central position. With its unique configuration, the property is also suited to generational living.
Tender (unless sold prior)
4pm, Thu 12 Nov 2026
Bayleys, 10 Reads Quay, Gisborne
One of Gisborne's most prestigious live-and-earn opportunities, this earthquake-strengthened and extensively renovated property has had just two owners since 1904.
The first floor features an expansive penthouse that can be configured with either two or four bedrooms. The penthouse has a generous open plan living, quality fixtures, a master bedroom with ensuite, all-day sun and two decks for outdoor living. Despite its central location, the residence is quiet and private, with double glazing throughout.
Also on the upper level is a dual-key two bedroom apartment, a one-bedroom apartment with its own stairwell access, and an additional space that is currently operating as a yoga studio.
On the ground floor are three premium main street retail tenancies, providing established commercial income.
To the rear of the building is a large secure carpark with electric gate and three-car garaging, as well as additional storage. A comprehensive security system provides further peace of mind.
With no lawns or gardens to maintain, this is a genuine lock-and-leave opportunity offering an outstanding combination of luxury, privacy, security and income in a prime central position. With its unique configuration, the property is also suited to generational living.
Tender (unless sold prior)
4pm, Thu 12 Nov 2026
Bayleys, 10 Reads Quay, Gisborne
Key features
Location
Superior inner city living and very private
Occupancy
Existing ground floor commercial income
Seismic (NBS rating)
High earthquake building compliance
Opportunity
Added residential income potential
Need help with finance?
Vega is Bayleys’ preferred finance adviser for business, providing advice services across residential, business, property development, commercial lending and insurance.