A high-profile and fully leased retail investment anchored by a popular hospitality operator is being brought to market. It offers investors and owner-occupiers a tightly held foothold within Auckland’s evolving mixed-use landscape, Bayleys brokers say.
Located on the ground floor of The Greenhouse apartment development at 20 Williamson Avenue, the 313sqm (more or less) retail/showroom occupies a prominent corner at the intersection of Williamson Avenue and Pollen Street – walking distance from Ponsonby’s established retail and dining spine.
Bayleys Auckland Metro director James Were, together with colleague Kate Kirby, is marketing the freehold property for sale via deadline, closing on Thursday, 21st May 2026 (unless sold prior).
Configured across two tenancies and returning a combined net annual income of $194,040 plus GST, the asset is underpinned by a diversified income stream combining hospitality and commercial use within a design-led, recently completed development.
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The corner tenancy is occupied by Juno Eatery, an all-day restaurant that has quickly embedded itself within the local dining scene.
Operating on a six-year lease with fixed annual increases and multiple renewal rights, the tenancy provides both income security and a level of trading resilience increasingly sought-after by investors.
The balance of the premises is leased as a high-quality showroom/office space, further strengthening the asset’s income profile while maintaining flexibility for future repositioning.
Were says the property has come to market amid renewed investor focus on mixed-use environments where residential density, lifestyle amenity and proven hospitality demand intersect.
“As intensification continues across Auckland’s city fringe, we’re seeing retail and hospitality assets within well-executed apartment developments become increasingly desirable,” he says.
“These assets benefit from a built-in customer base, strong foot traffic, and the kind of amenity-driven demand that supports long-term tenant performance. When that is combined with an established operator, it provides an added layer of confidence around income durability.
“The subject unit, including two car parks, is presented to an exceptional standard, defined by more than four metres of stud height and refined window joinery that maximises natural light and amplifies its presence on a prominent corner frontage.”
Developed by Ockham Residential and completed in 2023, The Greenhouse is an award-winning, eight-level apartment building that has significantly contributed to the high-density transformation of the Ponsonby/Grey Lynn fringe.
Bayleys Auckland Metro director Kate Kirby says the wider development sets the tone for the investment.
“The building is striking, and instantly recognisable for its iridescent facade, comprised of 150,000 green-glazed bricks.
“That level of design consideration does more than create visual appeal – it elevates the profile of the commercial tenancies, attracts quality occupants, and reinforces long-term tenant demand.”
Positioned directly opposite a major supermarket and within metres of Ponsonby Road, the asset benefits from consistent pedestrian flow and proximity to one of Auckland’s most established hospitality and retail precincts.
“The area’s evolution, underpinned by proximity to the CBD, strong residential demand and a steady pipeline of development, has reinforced its position as one of the country’s premier locations for both living and business.”
Kirby adds that opportunities to secure modern, fully leased retail assets of its calibre in fringe precincts are limited.
“For investors, this is about more than passive income. It’s an opportunity to secure a well-located asset with proven tenants, strong underlying demand, and the flexibility to adapt over time – a combination that continues to underpin long-term value in the current market.”
- Supplied by Bayleys
