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.
• 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.
Key features
Floor area details
466sqm standalone building across two levels
Land area breakdown
Freehold site of 769sqm (more or less)
Zoning
Town Centre zoned site
Location
Strategic location right by Glen Innes Train Station
Need help with finance?
Vega is Bayleys’ preferred finance adviser for business, providing advice services across residential, business, property development, commercial lending and insurance.