A substantial freehold industrial property in Auckland’s Wairau Valley has come to the market for the first time in over two decades, offering investors a rare opportunity to secure a diversified split-risk asset with strong income, exceptional exposure, and significant long-term potential.
The 3,614sqm regular-shaped freehold site at 71–73 Wairau Road offers circa-2,269sqm total floor area across two buildings and 55 on-site car parks. The property has a 40-metre elevated frontage to Wairau Road and clear sightlines to SH1 for additional profile opportunities.
There are three established tenancies in place, with government-funded anchor tenant North Shore Community Corrections in a substantial 1,492.60sqm facility purpose-built in 2007 to the rear of the site.
The two additional tenancies are occupied by car repairer and maintenance provider Midas Glenfield, and wheel restorer Wheel Refurbishment Powder Coating Ltd.
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The property has bankable seismic ratings and returns net annual income of $622,000 plus GST, with two of the leases having rights of renewal, and rental growth mechanisms built in across the existing terms.
The Business – Light Industry zoning supports a wide range of uses and long-term intensification, with the scale of the site lending itself to future redevelopment and having appeal for land bankers.
The property is being offered for sale by deadline private treaty, closing Thursday 16th April, unless sold prior, through Jaye Miller and Matt Mimmack of Bayleys North Shore Commercial.
Miller describes the opportunity as a tightly held, high-performing North Shore investment. He says the property offers robust current income with meaningful long-term potential, supported by the growth corridor overlay.
“Properties of this scale and tenure within Wairau Valley are seldom available. This is one of the precinct’s most sought-after commercial pockets, and assets of this calibre rarely come to market.
“Strong returns, a government-funded anchor tenant, and prime positioning underpin its investment appeal, with the current owner’s 26-year tenure further highlighting its stability and consistent performance.”
Wairau Valley is one of the North Shore’s original and most established commercial and light industrial precincts. The area attracts a broad mix of industrial, retail, bulk retail, showroom, automotive, office, and service-based businesses.
The property sits directly opposite Bunnings and Pak'n Save, and is surrounded by national brands and high-traffic commercial activity. Connectivity is streamlined, with the Tristram Avenue interchange providing quick access to the wider SH1 motorway network, Takapuna, Auckland’s CBD, and key residential catchments.
Mimmack says the property is likely to appeal to passive investors, family trusts, and groups seeking a long-term hold with strong future upside.
He says Wairau Valley’s scarcity of land continues to underpin its desirability, particularly as several major commercial projects have recently strengthened the precinct’s growth trajectory.
“The Giltrap Group has opened new vehicle dealerships at its expanded super-site in Wairau Valley, positioning itself for continued growth. At the same time, Southern Cross Healthcare is progressing the expansion of North Harbour Hospital to meet rising demand north of the bridge. These developments further reinforce the long-term confidence in this location.”
- Supplied by Bayleys
