St Johns
51-53 Elizabeth Knox Place, St Johns, Auckland
+10
St Johns split-risk investment with rental upside
• Two (2) separately titled industrial units with prominent road frontage
• Leased to two (2) tenants, generating a combined net income of $83,082.89pa + GST
• Both leases include upcoming market rent reviews, offering clear potential for rental uplift
• Rare investment in a tightly held industrial precinct
Offered to the market for the first time in 40 years, this standout industrial investment presents a rare opportunity in one of Auckland's most sought-after industrial locations. Comprising two (2) separate titles, the property offers a split-risk profile with diversified income streams. Unit 51 (225sqm approximately) is leased to a long-standing commercial maintenance business, while Unit 53 (396sqm approximately) is occupied by a reputable local gym with a strong client base drawn from the Eastern Bays.
With market rent reviews scheduled between now and early 2026, purchasers have the opportunity to unlock rental upside in the near term, adding further value to an already solid investment.
Matt Dell
027 221 9735
matt.dell@bayleys.co.nz
James Valintine
021 023 71868
james.valintine@bayleys.co.nz
Matt Dell
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
James Valintine
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Features
Lease
Generating a combined net income of $83,082.89pa + GST
Available
Between now and early 2026
Location
In the tightly held St Johns industrial precinct
Opportunity
Two (2) separately titled industrial units
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