A tightly held commercial unit in the heart of Grey Lynn is now on the market, presenting purchasers with an opportunity to secure a high-performing, entry-level investment supported by an exceptional tenant and immediate cashflow.
Located at 25A Pollen Street, this ground floor 38sq m freehold unit forms part of a boutique commercial development and is home to Rory’s, one of the neighbourhood’s most recognised and consistently booked barbershops.
The operator has built a significant and loyal following in the Grey Lynn and Ponsonby community, known not just for his craft but for creating a warm, personality-driven customer experience.
His appointment book is almost always full as he has consistently grown the business, and his presence has become a staple in the Pollen Street precinct.
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For investors, that means stability, demand, and an established local brand anchoring the tenancy.
The property returns $30,000 net per annum, further strengthened by a vendor rental guarantee, creating a secure income stream from day one. At this level, buyers are looking at an attractive 5 per cent return on investment.
The vendor originally purchased the unit off the plans and has held it for 12 years, retiring from a successful entrepreneurial investment portfolio.
The property has been meticulously maintained, creating an investment of rare quality at this level.
Situated only moments from Ponsonby Road, one of Auckland’s most active and desirable retail and dining destinations, the property benefits from excellent foot traffic, high visibility, and strong connectivity.
A dedicated on-site car park further enhances convenience for both the tenant and customers.
Zoned Business – Mixed Use under the Auckland Unitary Plan, the property sits among a growing residential and commercial landscape, supported by supermarkets, transport links, boutique retail, and some of the city’s best hospitality operators.
Colliers Brokers Nikko Boxall and Ned Gow have been exclusively appointed to market the property for sale by auction, to be held at 11am, Tuesday 9 December at Colliers, Level 23, HSBC Tower, 188 Quay Street, Auckland, unless sold prior.
Boxall, Investment Sales Broker at Colliers, says this is an attractive offering at this price point.
“This is an incredibly low-maintenance investment with a locally loved tenant and secure income.
"Rory’s has established a genuine community following, and with the vendor guaranteeing the rental return, buyers can step straight into a reliable cashflow.
"The instructions are clear — this one will sell under the hammer.”
Looking ahead, the compact size and strategic location also provide future flexibility for owner-occupiers, should they wish to utilise the unit for their own business in the future.
Gow, Associate Director of Investment Sales at Colliers, says opportunities of this calibre rarely come up in Grey Lynn.
“The area is tightly held and small format retail investments in this precinct are in constant demand.
"Grey Lynn has a proven record of capital growth, outstanding connectivity, and very limited supply, all of which underpin the long-term strength of this asset.”
- Supplied by Colliers
