A prominent commercial building in Auckland’s tightly held Wairau Valley precinct is being presented to the market for sale or lease, providing flexibility for owner-occupiers, investors, or businesses seeking a presence on the North Shore.
Located at 149-151 Sunnybrae Road, the property occupies a substantial 2,504sq m freehold landholding across two titles.
It benefits from extensive street frontage to both Sunnybrae Road and Porana Road, two key arterial routes connecting the North Shore's commercial and industrial precincts.
The stand-alone building provides approximately 1,554sq m of floorspace and includes a high stud warehouse, office, storage, and amenity areas, supported by 33 on-site car parks.
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Multiple roller doors provide access to a rear secured yard and support efficient vehicle movement and operational use.
The property’s appeal is enhanced by the existing rental stream in place until February 2027, providing approximately $366,000 in net annual income.
Following lease expiry, the property will be available with vacant possession, meaning investors can benefit from the existing holding income, owner-occupiers can plan for future occupation, while tenants can secure space in a sought-after location.
Zoned Business – Light Industry Zone under the Auckland Unitary Plan, the configuration of the asset allows it to be separated into multiple tenancies, creating opportunities for partial occupation, additional leasing income, or repositioning strategies depending on the requirements of the incoming owner or lessee.
Colliers Brokers Matt Prentice, Shoneet Chand, and Ryan de Zwart have been exclusively appointed to market the property for sale or lease via deadline private treaty closing at 4pm on Tuesday 28 July, unless sold or leased prior.
Prentice, Director of Industrial Sales and Leasing at Colliers, says this offering will hold appeal for a variety of prospective purchasers or tenants.
“The property's flexibility is one of its key strengths. An owner-occupier may choose to secure the building for its future business operations while benefiting from the holding income that's currently in place.
"On the other hand, investors have the ability to consider a range of leasing and occupancy scenarios over time,” Prentice says.
“Large stand-alone buildings with this level of profile and accessibility are becoming increasingly difficult to secure on the North Shore, particularly those that can accommodate changing business requirements.”
The property sits within Wairau Valley, one of Auckland's most established commercial and industrial precincts.
The area is home to a range of trade, industrial, showroom, and large format retail stores, with nearby occupiers including Pak’nSave, Chemist Warehouse, Bunnings, and PB Tech.
Chand, Director of Investment Sales at Colliers, says the area has strong long-term fundamentals.
“Wairau Valley has evolved into one of Auckland's most significant commercial and industrial hubs, supported by its central North Shore location and connectivity to transport routes,” Chand says.
“Excellent access to State Highway 1 and key arterial routes such as Sunnybrae Road and Porana Road supports the ongoing appeal of the area.
"Businesses value the connectivity the location offers, while investors are attracted by the area's reputation as a proven commercial destination.”
De Zwart, Associate Director of Industrial at Colliers, says the property's functional layout provides scope for a wide array of business uses.
“The property could suit a broad range of occupiers, including trade retailers, showroom operators, and industrial businesses seeking a North Shore location,” de Zwart says.
“The combination of warehouse space, offices, yard area, extensive parking, and exposure to passing traffic gives occupiers flexibility that is increasingly difficult to find in a stand-alone building.”
- Supplied by Colliers
