A substantial industrial facility in the South Auckland suburb of Ōtāhuhu is being presented to the market for sale, giving purchasers the opportunity to acquire a fully leased asset underpinned by long-term income and future value-add potential.
Located at 22 Saleyards Road, the freehold property has 6,860sq m of total net lettable area including multiple warehouses, showrooms, and offices. The building sits on a landholding spanning 1.94ha.
The property is currently tenanted by Savebarn, a Kiwi-owned business with a broad customer base that sells an extensive range of consumer products across the automotive, boating, fishing, camping, and sports sectors, and much more.
Savebarn is secured on a long-term triple net lease through to 2031, providing investors with $1,302,584 plus GST (from August 2026) in net annual rental income.
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The lease also includes three further rights of renewal that could extend occupancy through to August 2049, together with built-in rental growth mechanisms.
Ōtāhuhu serves as an important part of Auckland s southern transport network offering immediate access to key arterial routes and the wider motorway network.
Auckland Airport is less than 11km away, providing excellent connectivity for logistics, trade, and distribution businesses, while strong public transport links further enhance the area's appeal.
The property is zoned Business - Light Industry Zone under the Auckland Unitary Plan.
Colliers Directors Paul Higgins, Shoneet Chand, Greg Goldfinch, and Hamish West have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 12 August, unless sold prior.
The office and showroom components are positioned to the front of the building, offering predominantly open plan areas with associated amenities, while the warehouse areas extend to the rear, comprising both original and later construction with varying stud heights and functional access via multiple roller doors.
Higgins, Director of Industrial at Colliers, says the property gives buyers the chance to purchase a fully leased asset that is underpinned by a long-term triple-net lease to a single tenant.
"Savebarn has occupied the site for a number of years and has multiple future lease renewals that could see them extend their stay, meaning the property shapes as an appealing investment opportunity," Higgins says.
"There is future rental growth on offer through a combination of annual increases and a market review on renewal."
Of the existing improvements, the new warehouse spans 2,034sq m and is complemented by supporting warehouses, showrooms, and office space.
There is also a sealed yard that measures 2,400sq m and excess yard area that spans 2,740sq m as well as ample on-site parking.
Chand, Director of Investment Sales at Colliers, says the property provides the existing tenant with a practical facility that offers operational flexibility.
"The layout is supported by internal mezzanine office areas and a functional separation between front-of-house and operational areas, enhancing usability for trade retail and distribution purposes," Chand says.
"The property benefits from high levels of functionality, and the yard space allows for container set-down, storage, parking, and vehicle circulation, with dual access facilitating efficient heavy vehicle movement throughout the site."
Goldfinch, National Director of Industrial at Colliers, says there may be buyers who will look to acquire the site to explore future development opportunities.
"The considerable yard area and low site coverage means there are ways the significant landholding could be repositioned to maximise the usage of the site," Goldfinch says.
"This would allow the new owner to potentially unlock further value from what is a major industrial asset in an area that is an established industry stronghold."
West, Director of Industrial at Colliers, says the property offers a desirable combination of steady cashflow from the current occupant, while also providing future upside.
"With an existing lease in place there is a steady rental stream on offer while the new owner plans their next steps, which could include development opportunities," West says.
"It is rare to find this combination of existing income and long-term potential."
- Supplied by Colliers
