A substantial mixed-use landholding in the South Auckland suburb of Takanini is being presented to the market for sale, offering immediate holding income and significant future development potential.
120–128 Great South Road and 3 Manuroa Road, Takanini, comprises an expansive parcel of land measuring approximately 5,388sq m across seven freehold titles.
The titles can be acquired individually or as one parcel.
Currently housing five residential dwellings and an established car dealership, the asset offers achievable rental income of approximately $212,000 per annum while providing flexibility for future intensification, redevelopment, or land amalgamation initiatives, subject to council approval.
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This large-scale, split-risk investment opportunity is situated within one of Auckland’s fastest-growing residential precincts and benefits from strong exposure via dual road frontage, alongside excellent connectivity to key transport routes and amenities.
The property is zoned Residential – Mixed Housing Urban Zone under the Auckland Unitary Plan, supporting a range of housing types and designed to accommodate Auckland’s ongoing population growth through efficient land use and increased housing supply.
Colliers Brokers Gawan Bakshi and Tim Bull have been exclusively appointed to market the parcel of land for sale via deadline private treaty closing at 4pm on Wednesday 24 June, unless sold prior.
The titles span from 455sq m to 936sq m, creating flexibility for developers to tailor outcomes across the site, and there is potential for commercial development opportunities to be explored, subject to the relevant consents.
Bakshi, Associate Director of Investment Sales at Colliers, says the combination of residential and commercial tenants makes the split-risk asset particularly appealing to investors.
“The scale and configuration of the site, spread across multiple titles, provides investors with a versatile platform that can be actively managed or repositioned over time,” Bakshi says.
“The vendors are willing to consider selling the landholding as one parcel or individual titles separately, creating appealing options for investors and developers at a range of price points.
“With a mix of existing dwellings and commercial use underpinning cashflow, there is clear scope to unlock additional value through future development initiatives.”
Takanini is one of Auckland’s fastest-growing suburbs, recording a population increase of 33.1 per cent between 2018 and 2023 according to Census data.
The property is within walking distance of the Takanini Gateway retail centre, the area’s main retail and amenity precinct, as well as key transport infrastructure including the Takanini train station.
It is also a short drive from State Highway 1, providing connectivity to Auckland’s motorway network.
The wider South Auckland area continues to benefit from investment in transport infrastructure and commercial development.
Bull, Auckland Director of Investment Sales at Colliers, says the property offers significant potential in a rapidly growing location.
“This landholding enjoys a prominent corner position, ensuring high levels of visibility with the scope to provide multiple access points for a development,” Bull says.
“Takanini is a tightly held commercial precinct with incredibly low vacancy rates across large and small format retail, meaning that a potential commercial development in this space is likely to be well received by the local community.
“Opportunities of this scale are increasingly rare within the Auckland region.”
- Supplied by Colliers
