3-5 Crown Lynn Place, New Lynn, an exceptional large-format retail development opportunity has come to market via JLL.
The property presents a prime value-add or owner-occupier opportunity underpinned by strong demographic fundamentals and unparalleled occupier depth, providing a clear pathway for income generation through strategic repositioning.
As one of the largest undeveloped Metropolitan Centre zoned landholdings in New Lynn, this 1.0663ha freehold site offers both scale and strategic future development potential.
Positioned in the epicentre of New Lynn's established retail cluster, the property benefits from immediate proximity to premier national anchors including New World, Mitre 10 MEGA, Bunnings and Placemakers, while capturing high-profile exposure to over 14,000 vehicles daily along Clark St.
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The vacant circa 3903sq m building presents a compelling retail value-add repurpose opportunity, with extensive bulk retail tenant demand targeting New Lynn with limited options due to the low large format retail vacancy.
3-5 Crown Lynn Place is being offered via Deadline Private Treaty closing 4pm, Wednesday March 25, unless sold prior.
JLL Associate Director – Retail Investments, Harry Fergusson, highlights the unprecedented occupier depth driving demand for the asset.
"The leasing outlook is de-risked with such limited availability in New Lynn for bulk retailers seeking highly accessible tenancies with generous on-grade parking" says Fergusson.
"Live requirements from major national retailers provide incoming capital with absolute conviction on the asset's positive leasing outlook and future income potential.”
JLL Executive Director – Capital Markets, Jonathan Ogg, points to the site's exceptional development flexibility as a key differentiator in Auckland's constrained market.
"This property benefits from highly favourable Metropolitan Centre zoning, Auckland's most intensive commercial zoning outside the city centre," says Ogg.
"The generous 72.5m height limit, combined with the broad range of permitted uses, provides an incoming purchaser with maximum flexibility for significant development and intensification opportunities."
Beyond the immediate repositioning potential, Fergusson emphasizes the strategic location within Auckland's highest-growth corridor.
"New Lynn has undergone radical transformation over the past two decades, evolving into a high-growth urban environment anchored by a thriving retail catchment undergoing significant gentrification," says Fergusson.
"The catchment population is projected to grow 28% by 2045 within a 20-minute drive time, while New Lynn's economy demonstrates compelling growth with combined household income and house price growth consistently outperforming the wider Auckland region by 2% per annum over the last decade."
The property's strategic value is further enhanced by immediate pedestrian connectivity to New Lynn train station and LynnMall, creating powerful commercial synergies between established retail offerings and high-frequency public transport infrastructure.
Ogg suggests the site represents an irreplaceable opportunity in Auckland's constrained development market.
3-5 Crown Lynn Place presents an opportunity to secure a commanding position within central New Lynn, with substantial occupier demand positioning the area as a key destination for national retailers seeking strategic market penetration across West Auckland's growth corridor.
- Supplied by JLL
