A prominently positioned commercial property on a corner site in the West Auckland suburb of Kelston is being offered to the market for sale giving buyers the chance to purchase an asset that has significant add-value or redevelopment potential.
Sitting on a freehold site at 4026-4032 Great North Road, Kelston, the property has approximately 851sq m of net lettable area and is currently tenanted by a Supercheap Auto store.
The landholding is zoned Business – Mixed Use Zone under the Auckland Unitary Plan and spans 2,940sq m.
Supercheap Auto has been at the location since 2004 and there is an income in place until the final lease expiry, which is in July 2026, creating the potential for the building to be vacant next year.
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With only 30 per cent site coverage, there is considerable scope to reposition this property. With a strong local residential catchment, ongoing infrastructure investment, and increasing demand for housing in West Auckland, Kelston presents a compelling location for development.
Colliers Brokers Caroline Cornish, Matt Prentice, Dhiru Patel, and Benson Tarm have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 17 September, unless sold prior.
The property, which features a flat, regular-shaped site, benefits from dual access points and high levels of visibility to passing traffic.
Cornish, Director of Investment Sales at Colliers, says developers or add-value investors should take a close look at this property given the potential on offer.
“With holding income in place from the current tenant the new owner will be able to strategically consider their future moves,” Cornish says.
“Given the versatile nature of the existing landholding, the property could be positioned in a range of different ways.”
Prentice, Director of Sales and Leasing at Colliers, says the zoning of the property provides flexibility for the new owner who will have the opportunity to contribute to the ongoing development of the Kelston area, subject to the relevant consents.
“As outlined in the Auckland Unitary Plan, the Business – Mixed Use Zone provides for residential activity as well as predominantly smaller scale commercial activity that does not cumulatively affect the function, role, and amenity of centres,” Prentice says.
From the subject location, Rosebank Road can be reached in nine minutes, while Henderson and the rapidly growing area of Westgate are accessible. The main arterial routes of Kelston are also nearby.
Patel, Associate Director of Industrial at Colliers, says Kelston benefits from a range of amenities that provide convenience for locals.
“LynnMall in New Lynn is only five minutes away and Kelston Mall is also close by, offering access to supermarkets and dining options,” Patel says.
“There are multiple public transport options that can be accessed via the New Lynn transport interchange, including bus routes and the Western line train service.”
Tarm, Investment Sales Broker at Colliers, says it is rare to see a property with such redevelopment potential in this high-profile location.
“There’s a range of options for potential buyers to explore and this could be the future home of a business that an owner-occupier has been searching for or an add-value investor may wish to reposition the existing structure and tenant it,” Tarm says.
“Meanwhile, a developer could take advantage of the zoning and versatility of the site to develop a property of scale that could help reshape the surrounding area.”
- Supplied by Colliers
