Commercial property for sale

Listing ID: 43054786

Leased Investment For Sale

Astute investors will appreciate this split risk investment property. The first floor office tenancy is leased to Godfreys Chartered Loss Adjustors who have been on site since 2020 with extensive fit out. The ground floor tenancy is leased to Nasnoosi who have been on site since 2018 which comprises a mix of warehouse, showroom and office and a new eight year lease.

A change of direction for each of the owners of this property now dictates a sale.

This is your opportunity to secure a fully leased investment.

Property Breakdown:

• Warehouse: approx. 542m2
• GF Office: approx. 332.80m2
• L1 Office: approx. 154.19m2
• Carparks: 14

Make no mistake, the owners are serious about selling this property.

To arrange an inspection, please contact Paul Middleditch on 027 276 7047 or paul.middleditch@naiharcourts.co.nz or Craig Andrews on 022 046 5945 or craig.andrews@naiharcourts.co.nz

$1,950,000 plus GST (if any)

** To access the property files, please paste the link below into your browser and submit your details. Then wait for the email from Property Files with the links you can download.
https://www.propertyfiles.co.nz/property/L39984958

Listing ID: 43083837

FHGC Tourism Business for Sale - Be Your Own Boss

Established Te Anau Accommodation Business - Land Buildings & Business – own the whole lot.

We are proud to present an exceptional opportunity to acquire a well-established accommodation business in the heart of Te Anau, the gateway to Fiordland National Park. Ideally located within walking distance of the lakefront, town centre, cafés, restaurants, and local services, this recognised property offers an attractive combination of lifestyle, location, and income.

Features include durable roughcast cladding, aluminium joinery, camera surveillance, renovations have included improving the specifications for the insulation and cladding systems and a close eye has been trained on attention to detail with any construction.

The property has earned an excellent reputation for quality accommodation and outstanding guest service, supported by repeat clientele and strong word-of-mouth referrals. The business has received notable industry recognition, including a Booking.com rating of 8.8/10, (9.4 location, 9.3 cleanliness/comfort and 9.6 for host. Expedia 9.2/10.

The complex offers nine guest rooms, seven have key coded entry, also includes an accessible unit supported by a communal dining room, guest kitchen, laundry, conservatory, office, and storage areas. A fully self-contained two-bedroom owner/manager's apartment provides comfortable onsite accommodation, enjoying excellent natural light and all-day sun and gorgeous mountain views.

Please be aware that some of this information may have been sourced from RPNZ/Property Guru/Land Information New Zealand and we have not been able to verify the accuracy of same. Any boundary lines shown on an image are indicative only.

An Information Memorandum is available to download from our website coffeys.co.nz.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.

We would welcome your enquiry via this website or direct to DEREK JOHNSON.

Listing ID: 43086293

Develop or Landbanking Opportunity

Presented to the market for the first time in over 40 years, this prime commercial zoned property on Rickit Road, Te Awamutu, offers a flexible land and building opportunity for investors and owner/occupiers. Located minutes from the CBD off busy SH3, this generous 855sqm (approx) site features a 94.1sqm (approx) total office area. This includes a 73.4sqm (approx) main office providing a reception, two offices, a storeroom, and amenities, alongside an internally accessed 20.7sqm (approx) portacom lunchroom.

The exterior comprises a cobblestone front parking yard with bollards, an attached 21.6sqm (approx) single carport, a 21.4sqm (approx) store shed, and a 33.9sqm (approx) store. A western steel gate provides secure access to a 200sqm (approx) rear metal yard, ideal for container set-down, outdoor storage, and on-site parking.

Seldom do properties like this become available so move quick.

Deadline Sale closes Thursday 30 July 2026 at 4.00pm at Ray White Te Awamutu, 223 Alexandra Street, unless sold prior.

Call Pauline Love on 0211554689 for a viewing and further information. Don't miss this one!

https://rwteawamutu.co.nz/TEA31499

Listing ID: 43086857

Elevated city-fringe development site | 2,948sqm

Positioned in an established city-fringe location, 31 Riverside Drive and 4 Punga Grove Avenue comprise a combined 2,948sqm (more or less) across two freehold titles.

The elevated landholding enjoys views across the Hātea River towards the Whangārei CBD and Town Basin, while being within walking distance of the marina precinct, Hātea Loop and a wide range of cafés, restaurants and everyday amenities.

The property's scale, topography and General Residential zoning create a flexible development opportunity with the potential to unlock value through planning, design and development. Whether your strategy is residential intensification or another planning-led project, the site provides a strong platform for future development, subject to the necessary approvals.

PROPERTY HIGHLIGHTS:
•Combined 2,948sqm (more or less) across two freehold titles
•Elevated site with views across the Hātea River towards the CBD and Town Basin
•Established city-fringe location
•General Residential zoning
•Within walking distance of the CBD, Town Basin, marina precinct and Hātea Loop
•Flexible development opportunity (subject to the necessary approvals)
•Opportunity to add value through planning, design and development

For Sale by Deadline Private Treaty (unless sold prior)
Closing 4pm, Wednesday 12 August 2026

Contact the sole agents today for the Information Memorandum, the property files or to arrange an inspection.

Nigel Ingham | 021 562 919
Jude Copland | 021 747 411

Listing ID: 43086974

Build for Your Business - 2,222sqm Richmond Site

Secure approximately 2,222sqm of freehold commercial land in Richmond's established Lower Queen Street business precinct.

Lot 4 presents a well-proportioned development site with TDC Mixed Business zoning, offering flexibility for owner-occupiers, commercial developers and businesses seeking to secure land for future premises.

The site is suited to a range of commercial and light industrial uses, including warehousing, trade retail, showroom, office, service and distribution activities, subject to Tasman District Council planning requirements. Its size and configuration provide scope to plan an efficient commercial facility around operational workflow, vehicle movements, customer access, staff requirements, storage and future growth.

Positioned within Richmond's newest commercial subdivision, the site fronts Tidewater Road and is accessed from Estuary Place. Roads and subdivision infrastructure are in place, with underground power and telecommunications provided to the boundary. The location offers convenient access to Richmond Central, the growing Lower Queen Street and Berryfields areas, State Highway 6 towards Nelson and the south, and State Highway 60 towards Motueka.

With title anticipated shortly, Lot 4 provides an opportunity to secure commercial land now and progress planning for a purpose-built facility in one of Tasman's key business locations.

Key features:

• Approximately 2,222sqm of freehold commercial land
• Approximately $450 per square metre
• Well-proportioned site supporting efficient commercial development
• Frontage to Tidewater Road
• TDC Mixed Business zoning
• Suitable for a range of commercial and light industrial uses
• Opportunity for owner-occupiers, developers and businesses planning future premises
• Scope to design around operational, access and storage requirements
• Located within the Lower Queen Street commercial precinct
• Close to Richmond Central and Berryfields amenities
• Underground power and telecommunications to the boundary
• Roads and subdivision infrastructure in place
• Convenient access to State Highways 6 and 60

Contact the agent for title timing, property documentation and further information regarding the subdivision.

Listing ID: 43087147

Home, income & lifestyle in Central Paihia

A rare opportunity to secure a substantial home with multiple accommodation income streams, all within easy walking distance of Paihia township, the waterfront, restaurants and beach.

Positioned in a sought-after elevated location, the property comprises a spacious residence with a self-contained apartment, plus two established holiday accommodation chalets. The flexible layout creates a range of options for owner-occupiers, investors, tourism operators or those seeking a lifestyle change.

Income potential:
Live in the house & earn income – pays your mortgage
Choose to live in the main residence while continuing to let the apartment and two chalets as holiday accommodation, income pays your mortgage. Potential gross revenue: $141,000 p.a.

Operate as holiday accommodation:
Use the property as Investment Income, Total potential gross revenue estimated at $216,000 p.a. with Return on Investment of 8.25%

Highlights:
•Spacious 150sqm multi-level home with garage
•Separate self-contained apartment + deck connected to house
•Two established 24sqm + deck holiday accommodation chalets
•Multiple income streams, Flexible home-and-income configuration
•Walking distance to Paihia Beach and township
•Ideal lifestyle, investment or semi-retirement opportunity
•Proven tourism location in the Bay of Islands

Whether you are looking for a lifestyle property that helps pay its way, or a tourism-focused investment with strong income potential, this is a unique opportunity to live where others come to holiday.

Price Guidance is $1,200,000 inc GST Negotiable

Use this link to download the Property files: https://www.propertyfiles.co.nz/property/1005449

Listing ID: 43087207

Motivated Vendors - Unlock the Potential

Make the move and secure this ready to go hospitality property, located in the heart of Rosedale's established business park. Offered with vacant possession, this is a genuine turnkey opportunity to secure a premises that has successfully operated as a hospitality venue for more than 19 years, eliminating the time, cost and uncertainty of starting from scratch.

The property features a modern look with floor to ceiling glass surrounding the space that opens out onto a courtyard area via two large slider doors creating a functional indoor and outdoor flow and making the most of the northerly aspect the property enjoys.

For purchasers with a different vision, the property's prominent street frontage and excellent profile also present the opportunity to reconfigure the premises into a quality showroom, retail or professional based use, broadening its appeal well beyond hospitality.

Highlights:

• 133.33 sqm (approx) of internal area
• 98.5 sqm (approx) of covered courtyard area
• 6 exclusive on-site car parks
• Vacant possession
• Extensive chattel list included
• Zoned - General Business Zone
• Built in 2007

The Vendors instructions are clear this will be sold!

Contact Isaac Tankard and Nick Young at NAI Harcourts today for more information and to secure this outstanding property.

Listing ID: 43087347

Strategic industrial development land

Positioned within one of Whanganui's established industrial locations, this substantial development site of 9,394 m2 (approx) is situated among significant industrial businesses, 3.8km from the city centre. The property features 4 titles, comprised of 3 x 1,012 m2 (approx) and 1 x 6,358 m2 (approx) with a flat to gently sloping contour, providing an excellent platform for future industrial or commercial development. Benefiting from extensive road frontage along two boundaries, the site offers outstanding accessibility and exposure. Standard services are available either to the site or immediately adjacent, supporting a wide range of potential development opportunities. Prospective purchasers will note the older 470 m2 construction which is centrally located and may be a demolition proposition. For purchasers seeking a larger-scale holding, this property is also available in conjunction with the neighbouring property at 281-283 Heads Road, a fully developed office and warehouse complex, which is being marketed separately, creating an opportunity to secure a significant combined industrial landholding with significant upside. Price by Negotiation.

Listing ID: 43091074

Prominent CBD opportunity| Receiver appointed sale

Offered for sale on behalf of the Receivers, this prominent CBD property comprises 2,568sqm across three freehold titles in the heart of Whangārei's Town Basin precinct.

Positioned on the corner of Rathbone Street, Dent Street and James Street, the property includes approximately 1,144sqm of existing showroom, workshop and office improvements, providing immediate occupation or holding income potential while future plans are considered.

With City Centre zoning, the property is suited to a range of uses including commercial, retail, office, hospitality, automotive and mixed-use redevelopment (subject to any required approvals).

KEY FEATURES
•Receiver appointed sale
•2,568sqm freehold land across three titles
•Approximately 1,144sqm existing improvements
•High-profile corner site with three street frontages
•Well connected to both the CBD and Town Basin
•City Centre zoning
•Suitable for occupation, refurbishment or redevelopment
•Vacant possession

Tender closing 4PM Wednesday 26 August 2026 (unless sold or withdrawn prior)

Contact the sole agents for the Information Memorandum, due diligence information or to arrange an inspection.

Nigel Ingham 021 562 919
Daniel Sloper 021 022 10339

Listing ID: 43091220

NZ’s First & Most Recognisable Outlet Destination

Colliers and CBRE are pleased to present a rare opportunity to acquire a 100% freehold interest in Dress Smart Auckland, a highly established outlet centre offering a compelling blend of secure income, scale and long-term growth potential. 

Dress Smart Auckland is one of the most recognisable outlet centres in New Zealand, anchored by a high-quality mix of international and national brands, including Adidas, Converse, Puma, Tommy Hilfiger, Calvin Klein and Coach, spanning over 13,000sqm of GLA. 

Strategically positioned within Onehunga Town Centre, approximately 8km south of the Auckland CBD, the centre benefits from its location within a key council-designated growth precinct, supported by significant public and private investment, ongoing urban renewal, and strong forecast population growth underpinning sustained retail demand. 

Investment Highlights 

• 97.8% occupancy rate
• Total MAT of $97.5 million¹
• Limited near-term capex following a comprehensive refurbishment in 2025
• Significant Underlying Landholding, with low site coverage of 53.5%
• TTA of 1.71m residents, with a growth CAGR of 1.2% to 2046, double the NZ average²
• TTA retail spend of $34.8bn, forecast to reach $85.6bn by 2046 (4.6% CAGR)² 

This rare opportunity to acquire a 100% interest in Dress Smart Auckland is being exclusively offered via an International Expressions of Interest (EOI) campaign closing Thursday, 20th August 2026 at 2.00pm (NZST). 

For further information on the sale process or to arrange an inspection, please contact the exclusive sales & marketing agents. 

*All figures are approximate and site boundary outlines are indicative only 

¹ MAT is GST exclusive, as at May 2026 

² Colliers Property Economics & Analytics (formerly Location iQ), May 2026  

– Paynes Lane carpark owned by Lend Lease Real Estate Partners New Zealand Sub-Trust, please contact the Agents to discuss if of interest to acquire. 

Features:

• Extensive land holding with a low SCR and development potential (STCA)
• Total MAT of $97.5m¹
• TTA of 1.71m²
• Limited near-term CAPEX following recent refurbishment

More information: https://www.colliers.co.nz/p-NZL67041417

Listing ID: 43091336

RETAIL INVESTMENT + LAND BANK

Deadline sale: Closes on Thursday 20 August 2026 at 4:00PM (unless sold prior)

A compelling split investment opportunity, prominently positioned within a thriving suburban shopping centre.

739 Whangaparaoa Road 1,012m² Town Centre zoned, with two well-established businesses, enjoying outstanding exposure on a high-traffic arterial road, benefiting from excellent car parking and strong passing trade.

The current tenants have completed four years, and have recently renewed for a further, nearly six-year term.

Current rental income is $64,572 per annum from two retail tenancies.

The diverse and complementary surrounding tenancy mix creates a vibrant retail precinct that drives consistent trade and supports long-term occupancy.

• 739 Whangaparaoa Road property is a freehold substantial landholding of 1,012m²
• 747F Whangaparaoa Road is a future development lot of approximately 340m² Town Centre zoned land
• Both combined, these sites make a substantial development site of approximately 1,352m²

Penlink is under construction, which will make this desirable coastal site more valuable.

Whether you're seeking secure rental income today or positioning for tomorrow's upside, this is a rare chance to acquire a well-presented, dual-income asset with real underlying land value.

Opportunities like this don't last - act now to secure your position.

Listing ID: 43091539

VACANT INDUSTRIAL UNIT WITH CAR PARKS

Barfoot & Thompson Commercial is pleased to present this close to new 62m² industrial unit, offering an affordable opportunity for owner-occupiers and investors in a popular industrial precinct.

Available with vacant possession, this versatile unit is well-suited to trades, warehousing, storage, light manufacturing, e-commerce, and service-based businesses. Its practical layout and low-maintenance design make it an excellent entry-level industrial investment or business premises.

KEY FEATURES:

• Stratum in Freehold title
• Approximately 62m² floor area
• Three exclusive on-site car parks
• Roller door access
• On-site manager
• Secure gate with after-hours swipe access
• On-site e-charging station
• Shared container drop area and loading zones
• Vacant possession
• Body corporate fee of $3,495 + GST (includes building insurance) for the current year
• Rates $3,132 + GST for the current year
• Rental appraisal approximately $20,000 + GST and OPEX per annum

Whether you're looking to secure your own business premises or add a quality industrial asset to your portfolio, this property represents outstanding value in a tightly held industrial location.

The vendor is motivated to sell. Contact the sole agent today for further information or to arrange a private inspection.

Listing ID: 43091761

Premium Standalone Split-Risk Investment

NAI Harcourts is proud to exclusively bring to market 25 Apollo Drive, Rosedale, Auckland.

Positioned prominently on a high-profile road front site on one of the North Shore's key commercial thoroughfares, this exceptional standalone investment is offered to the market for the first time since its completion in 2005. Tightly held for over two decades, it represents a rare opportunity to secure a premium split-risk investment in one of Auckland's most sought-after commercial precincts.

Purpose-built and thoughtfully designed, the modern two-level property accommodates a diverse mix of office, showroom and medical occupiers across five separate tenancies, providing investors with the security of multiple income streams.

Whether you are seeking to acquire a high-quality investment or strengthen an existing commercial portfolio, 25 Apollo Drive is a compelling opportunity that deserves your attention, combining strategic location, diversified income and long-term investment fundamentals.

Investment Highlights:

• Prominent road front position on a Freehold site of 2,000 sqm (more or less)
• Modern two-level mixed-use premises: Building area of 792.5 sqm (more of less)
• Fully leased split-risk investment returning $247,595 + GST + Outgoings per annum, with excellent prospects for future rental growth.
• Diverse tenant profile comprising five established tenancies, including both national and well- established local operators.
• Purpose-built with convenient ground-floor access to all tenancies and meticulously maintained, with recent capital upgrades enhancing the asset.
• Zoned Business - General Business Zone.
• Outstanding connectivity with convenient access to Constellation Drive, State Highways 1 and 18, major arterial routes and a wider range of surrounding amenities.

For sale by Deadline Private Treaty, closing 4:00pm Wednesday the 26th of August 2026 (unless sold prior).
All inspections or site visits are strictly by appointment only.

Opportunities of this calibre rarely come to the open market, for further information or to request an inspection, please contact the Sole Agents today!

Listing ID: 43092998

MetroPort Investment with Strong Income

MetroPort – Infrastructure Investment with Strong Income Flow

MetroPort is offered for sale via an International Expression of Interest (EOI) campaign closing 4pm (NZT) on Wednesday 19th August 2026. 

The Port of Tauranga owned MetroPort is one of very few true intermodal terminals, complete with rail infrastructure ownership and a modern warehouse distribution centre, which exist in the New Zealand market.

With over 15ha of prime industrial land, positioned within the sold-out 180ha. Izone Business Hub, the property features a >650m rail spur linking to the C. 2.50ha intermodal freight hub which was developed in 2015 and has several short-term leases in place. The C. 18,500sqm high-stud distribution centre was completed in 2019 and is home to container logistics operator, ACFS, providing excellent cashflow on a medium-term lease.

The ability for intermodal operators to immediately operate the majority of the freight hub offers immediate income upside potential, while the undeveloped >7ha of land provides obvious future growth of the inland port function.

Scarcely available, and positioned at one of New Zealand’s key distribution points, this impressive holding offers scale, significant infrastructure improvements, modern warehousing improvements, excellent rental income, obvious rental upside, and vast future development opportunity in one impressive package.

Contact the sole agents today to register your interest.

Boundary lines are indicative only.

Features:

• Land Area: 15.0432ha
• Multiple tenants, + ability to part-operate
• >650m rail-spur and adjoining C. 2.50ha intermodal facility
• Modern 21,000sqm logistics facility leased to ACFS
• 15ha. with surplus development land

More information: https://www.colliers.co.nz/p-NZL67041259

Listing ID: 43095475

Two Waterfront Buildings. One Rare Opportunity.

CBRE as the exclusive agent is pleased to present The Harbour Collection Portfolio, comprising 10 & 12 Viaduct Harbour Avenue, Auckland Central, for sale by way of International Expressions of Interest closing Thursday 27 August 2026 at 4:00pm NZST (unless sold prior).

Extensively repositioned since 2018, The Harbour Collection Portfolio offers boutique office suites, home to a distinguished list of occupiers including MitoQ, Ray White, Summerset & China Forestry Group. These suites are amongst the highest quality in Auckland's CBD, commanding some of the CBD's highest rental rates.

Located in the heart of Auckland’s Viaduct Harbour precinct, the portfolio lies within one of Auckland’s most active corridors of institutional capital, neighboured by Blackstone, PAG, GIC, Precinct, FuWah, Roxy Pacific, Mansons and RP Financial.

Offering exceptional quality turnkey office suites, The Harbour Collection Portfolio provides compelling cash returns, a diversified income profile through its multi-tenanted, split suite strategy alongside a low future capital expenditure profile.

Listing ID: 43095600

ACCOMMODATION CASH FLOW LARGE FREEHOLD

Deadline sale: Closes on Wednesday 26 August 2026 at 2:00PM (unless sold prior)

This is an unmatched opportunity to secure a substantial Freehold Going Concern (FHGC) on a high-exposure corner site in Papatoetoe. Combining a profitable 43-room accommodation business (Aroha Motel & Apartments) with a premium 2,530m² landholding, this asset delivers strong revenue from day one alongside significant future development upside.

The turnkey complex spans five distinct villas and a dedicated luxury suite wing, fully outfitted for a seamless ownership transition.

There is an option to convert an additional one or two more luxury suites.

KEY FEATURES:

• 2,530m² freehold corner site 
• Dual street frontage, exceptional access, and high-density zoning
• 43-room setup, including 38 rooms and five premium guest suites with private patios
• Healthy Homes certified
• NBS rating - 100%
• Approximately 20 minutes to Auckland Airport and 25 minutes to Auckland CBD

Listing ID: 43095755

Wigram Industrial Investment Starter

NAI Harcourts Grenadier are pleased to bring to the market for sale, 1/20 Parkhouse Road in the sought after industrial hub of Wigram. This hard-working Industrial investment offers an easy entry level starter for buyers looking to transition into commercial property investment, while equally providing existing investors an attractive addition to their portfolio.

Ideally positioned fronting Parkhouse Road, excellent profile and access on and off this main thoroughfare road are provided to a generous hardstand yard and parking. Main south-western arterial roads and Southern Motorway access are just two minutes' drive away, providing efficient access to the city centre or southbound. This established Industrial area is also near the entry to the popular Wigram Business Park and Wigram Skies residential catchment, with its modern commercial retail and services precinct.

A sunny north-east facing warehouse/workshop with dual roller doors and office amenity serves the Engineering tenant well, with the business having operated from the property successfully since 2017, and recently renewing their lease for a further 3-year term from September 2026.

Investment Highlights:

• Warehouse/ Workshop: 120.4sqm with two electric roller doors
• Excellent natural light and 3 phase power
• Offices & Amenity: 62.7sqm north facing with air conditioning
• 4 on site car parks and shared yard
• Leased to September 2029, returning $37,984 + OPEX & GST per annum

Our retired Vendor has issued clear instructions to sell the property on or before Auction day on 27 August. Tenanted investments at entry-level buying in this tightly held suburb are in short supply so your early inspection and due diligence of this opportunity is recommended.

Contact the sole agent, Dave Calder today to arrange your viewing on 029 200 8073.

To download Property Files click the link below, register your details and you will be sent an email with the files to view and download.
https://www.propertyfiles.co.nz/property/L42050386

To be sold by Auction from 11am, 27 August 2026 (unless sold prior) at Harcourts Grenadier, 98 Moorhouse Avenue, Christchurch

Note: Floor Areas are estimated only and have not been independently verified. Purchasers are advised to seek their own professional advice.

Listing ID: 43095806

Freehold Split Risk with Upside

NAI Harcourts is proud to exclusively offer a superb opportunity for Owner-Occupiers and astute investors to secure 68 Main Road, Kumeu.

Strategically positioned within a tightly held precinct, the commercial tenancy is coming vacant in Oct 2026 creating a unique opportunity to reposition and take advantage of a highly sought after split-risk investment.

68 Main Road is situated on a freehold title comprising of 809 sqm. The single level retail building is 174 sqm (approx) with an additional recently renovated 2 bedroom standalone cottage at the rear of the site.

Favourably zoned as Business - Town Centre Zone allowing for an attractive future development of the site with height limited of 18m.

Investment Highlights:

• 809m² Freehold site
• Split risk investment with 2 standalone tenancies
• Holding income of $56,170 per annum
• Strategically located in Kumeu
• Zoning: Town Centre Zone (18 Height Limit)

The Vendors instructions are clear and want this property sold.

For more information and an appointment to view this property, please contact the agents at NAI Harcourts Cooper & Co today.

Listing ID: 43095947

CLASSIC VALUE-ADD OPPORTUNITY

Tender: Closes on Wednesday 26 August 2026 at 2:00PM (unless sold prior)

Whether you’re seeking a premises for your business, or an opportunity to add value and secure a sound investment, quality city fringe properties of this calibre are becoming increasingly difficult to find. 632 New North Road represents one such opportunity.

The existing two-level building provides an excellent foundation for refurbishment or repurposing, with potential for warehouse, workshop, office, showroom, or residential use (subject to the necessary approvals). A generous yard is a key feature, providing ample on-site parking and storage for owner-occupiers or tenants.

Situated close to the Morningside train station, the property benefits from current and proposed zoning provisions. Under Plan Change 120, building heights of up to 50 metres are proposed for this location.

This is a genuine value-add opportunity at a price point that remains accessible to a broad range of purchasers.

KEY FEATURES:

• 940m² Fee Simple land area
• Business - Mixed Use zone
• Two-level concrete and block building of approximately 400m²
• Excellent street profile due to wide frontage
• Large land area in relation to the building coverage
• Vacant possession
• Excellent accessibility to Auckland City and close to Westfield St Lukes
• Within walking distance to the emerging Morningside café/bar precinct

Listing ID: 43096097

Town centre opportunity with upside

• Freehold 769sqm (more or less) Town Centre zoned site
• 466sqm (approximately) standalone with excellent profile and parking
• Fully leased holding income with plenty of upside
• Strategic location right by Glen Innes Train Station
• Take advantage of Tamaki's Regeneration: Reposition, occupy or develop

Positioned in the heart of Glen Innes, 159 Apirana Avenue offers the opportunity to secure a strategic foothold in one of Auckland's fastest evolving town centres.

Comprising a 769sqm freehold site improved by a standalone 466sqm commercial building returning holding income from two established tenants. With lease expires in 2027 and rentals considered below market levels, there is opportunity to unlock value through future refurbishment, repositioning and/or occupying.

Surrounded by an established mix of national retailers including Pak'nSave, Harvey Norman, Chemist Warehouse, Animates and Burger King, the property benefits from excellent profile, strong local amenity and convenient access to Glen Innes Train Station. Situated within the wider Tamaki regeneration area, the precinct is benefiting from substantial investment in housing, infrastructure and amenity.

Add-value investors will recognise the opportunity to unlock rental growth and enhance returns through repositioning, while owner-occupiers and developers will appreciate the long-term value of this strategic Town Centre landholding.