A freehold property on a prominent corner site in Glen Innes in Auckland is being offered to the market for sale with vacant possession.
The offer gives investors, owner-occupiers, and developers the opportunity to secure a foothold in a tightly held location.
Located at 145 West Tamaki Road, the single-level commercial building comprises approximately 72sq m of floor area on a 334sq m landholding, providing upside through surplus land that offers scope for future repositioning or redevelopment.
The asset benefits from street frontage along West Tamaki Road, as well as rear access off Elstree Avenue.
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It is situated in a well-established residential catchment, and is strategically positioned within Auckland’s eastern suburbs, bordering Glendowie and Saint Heliers.
The site is highly accessible with the Glen Innes train station, multiple bus services, and key arterial routes all nearby.
Underpinned by dual zoning across the Business – Neighbourhood Centre and Residential – Mixed Housing Urban classifications under the Auckland Unitary Plan, the property provides valuable flexibility and a range of potential future uses, subject to relevant consents.
Colliers Brokers Logan Roach and Sam Hyde-Smith have been exclusively appointed to market the property for sale by auction to be held at Colliers, HSBC Tower, Level 23, 188 Quay Street, Auckland on Tuesday 12 May at 11am, unless sold prior.
Roach, Investment Sales Broker at Colliers, says the property is well positioned within a growing suburb, ideal for purchasers looking to invest in an affordable area.
“Glen Innes is undergoing significant transformation, driven by population growth, infrastructure investment, and urban renewal.
"This property offers purchasers the opportunity to secure an affordable asset in a location underpinned by strong long-term fundamentals,” Roach says.
“Given the asset can be acquired with vacant possession, the new owner can enact their plans for the property quickly, which could be repositioned given its flexible floorplate.”
Glen Innes is located 15km east of Auckland CBD, which can be reached in approximately 20 minutes outside of peak traffic conditions.
The area is well supported by schooling, childcare, and everyday amenities. The town centre provides retail, hospitality, and medical services.
The area continues to benefit from ongoing urban renewal and intensification.
Between 2013 and 2023, the suburb’s population grew by nearly 30 per cent, according to data from the most recent Census.
Further growth is expected through the Tāmaki regeneration programme, which is anticipated to create approximately 5,100 new homes in the area over the next 10 years.
Hyde-Smith, Investment Sales Broker at Colliers, says the property is a blank canvas with the potential for the new owner to add value or develop it.
“The combination of vacant possession and flexible zoning makes this property a standout opportunity.
"It is a versatile asset that will appeal equally to investors, owner-occupiers, and developers seeking growth potential in a tightly held eastern suburbs location,” Hyde-Smith says.
- Supplied by Colliers
