A prominent investment in one of Auckland’s best-known arterial corridors is being brought to market.
It presents investors and developers with the increasingly rare opportunity to secure holding income alongside substantial long-term redevelopment potential, Bayleys brokers say.
Bayleys Auckland Metro director, James Were, is marketing the freehold 965sqm site at 395 Dominion Road for sale by deadline, closing at 4:00 pm on Wednesday, 19th August 2026 (unless sold prior).
Occupying an elevated site, the property is fully leased to an established dental practice returning $55,642 plus GST per annum, providing immediate income while future development options are considered.
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Were says the property is offered to market as confidence continues to build across Auckland’s city-fringe precincts, supported by consistent population growth, residential intensification and major transport investment.
“Dominion Road is one of the city’s most significant urban growth corridors, with apartment developments, mixed-use projects and higher-density housing steadily reshaping the surrounding neighbourhood.
“The property’s location places it within easy reach of Mt Eden Village, Dominion Road’s established hospitality precinct and the Auckland CBD, while also benefitting from improved connectivity driven by the City Rail Link.”
The nearby Maungawhau Station is set to become one of Auckland’s most important transport interchanges, strengthening public transport access between the city centre, western suburbs and the southwest while further enhancing the long-term appeal of surrounding property.
Were says the strength of buyer demand for quality residential development in the precinct has already been demonstrated through the successful sell-down of nearby Eden View Apartments, reflecting established confidence in Dominion Road as a destination for higher-density living close to employment, amenities and transport.
The existing improvements comprise a 156sqm (more or less) single-level villa which has been sympathetically adapted for use as a dental practice while retaining much of its original architectural character.
The building is positioned centrally on the site, with customer and staff parking at the front and rear and vehicle access along the southern boundary. Its internal configuration includes a reception and waiting area, and staff amenities with a rear extension.
Were says Auckland’s most sought-after development opportunities are increasingly being acquired well before redevelopment is contemplated.
“Sophisticated buyers aren’t necessarily looking for vacant sites they can build on tomorrow.
"They’re looking for strategic landholdings that can generate income while they wait for the right point in the development cycle.
“That approach reduces holding costs, preserves flexibility and allows purchasers to benefit from the continued evolution of the surrounding precinct, rather than trying to time the market perfectly.”
The Business – Mixed Use zoning supports a broad range of residential, commercial and mixed-use activities, typically enabling development of up to four storeys depending on planning controls and design considerations.
Were adds that transport-led intensification continues to elevate the broader area.
“Dominion Road sits at the centre of that story. As accessibility improves and surrounding residential density continues to increase, well-located sites with development capability become increasingly strategic.
“For investors and developers, the appeal extends well beyond today’s holding income.
"Large freehold sites along established city-fringe arterials continue to become strategically important as Auckland grows, particularly where flexible planning settings preserve multiple pathways for future value creation.”
- Supplied by Bayleys
