A block of retail stores in a prominently positioned corner location in the South Auckland suburb of Papakura is being offered to the market for sale, giving buyers the opportunity to acquire a compelling split-risk investment.
The property at 8/143 Great South Road occupies a prime location in one of the city’s key metropolitan growth centres.
With six diversified tenancies, the property comprises 611sq m of net lettable area and returns approximately $191,916 plus GST and operating expenses in net annual rental income. There are 11 on-site car parks located at the rear of the building.
The asset benefits from exposure to a key arterial route and convenient access to local amenities, public transport, the motorway network, and surrounding commercial and industrial precincts.
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The property is zoned Business – Metropolitan Centre Zone under the Auckland Unitary Plan. The zone supports intensive development and a concentration of activities that serve both the local community and the wider region, fostering economic growth, employment, and a vibrant urban environment.
Colliers Brokers Will Bason, Gawan Bakshi, and Ryan Gibb have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 28 October, unless sold prior.
The stratum in freehold units are home to businesses operating across the finance, healthcare, retail, and service industries.
Bason, Investment Sales Broker at Colliers, says the asset is now surplus to the vendor’s requirements, creating an opportunity for the new buyer to acquire a tightly held property.
“There are appealing investment fundamentals attached to the building, including a split-risk income stream spread across multiple tenancies,” Bason says.
“Buyers will also be drawn to the future upside through built-in rental growth mechanisms that include either CPI, market reviews, or biennial fixed increases across the different tenancies.”
Bakshi, Associate Director of Investment Sales at Colliers, says the existing tenancy mix is broad and caters to a wide array of customers in the heart of Papakura.
“The existing tenants at the property provide a range of services, including a well-known jeweller, the nationally renowned eyecare specialists OPSM, a tattoo studio, a finance company, and an Indian restaurant,” Bakshi says.
“The neighbouring area also provides rapid access to key amenities with Farmers Papakura across the road, while a Woolworths is a short drive away, and a number of popular quick-service restaurants are nearby.”
Papakura is a rapidly growing area with notable annual population jumps in the past decade that have outpaced national averages, according to data from Infometrics. The Papakura Local Board's total population was 84,200 in 2025, up 2.7 per cent from a year earlier.
The surrounding area has continued to benefit from infrastructure investment that has enhanced the connectivity of Papakura. State Highway 1 can be reached quickly, while there are multiple bus routes that service the location, alongside a train station.
Gibb, Investment Sales Broker at Colliers, says the property combines a strategic town centre location, strong transport connectivity, and exposure to an expanding customer catchment.
“Papakura has become an increasingly important commercial and service hub within South Auckland as the city sprawls further south,” Gibb says.
“Substantial residential development is redefining the suburb, underpinning ongoing demand for commercial services like those found at the subject property.”
- Supplied by Colliers
