A retail property in the heart of Papakura's commercial centre is being presented to the market for sale for the first time in more than 40 years, offering investors diversified income and exposure to one of Auckland's fastest-growing urban catchments.
Located at 299 Great South Road, Papakura, the highly visible property occupies a commanding corner site measuring approximately 963sq m with 581sq m of net lettable area, split across five tenancies.
The property benefits from 14 on-site car parks, an increasingly valuable feature within established metropolitan centres.
The largely service-oriented tenancy schedule consists of well-known community businesses whose in-person services support long-term occupancy demand.
Start your property search
Current occupiers include Community Law South Auckland, Ekam’s Hair & Beauty Studio, Kip McGrath Papakura, Wellness Acupuncture Centre, and Allure Hair Studio.
The diversified income stream currently returns $159,683 per annum plus GST and operating expenses, with a range of market rent reviews built into the various lease terms.
The combination of strategic town centre positioning and flexible Business – Mixed Use zoning broadens the range of opportunities available to prospective purchasers.
Colliers Brokers Gawan Bakshi and Will Bason have been exclusively appointed to market the property for sale via auction to be held at 11am on Wednesday 16 September at Colliers Highbrook, 52 Highbrook Drive, East Tamaki.
Held by the current vendor since 1985, the asset is being presented to the market as the owner enters retirement.
Bakshi, Associate Director of Investment Sales at Colliers, says the diversity of the tenancy schedule is a key attraction.
“Kip McGrath Education Centres is an established international tutoring franchise that provides one-on-one and small-group learning, while Community Law South Auckland delivers free legal advice, representation, and legal education to residents,” Bakshi says.
“The remaining tenants, Allure Hair Studio, Wellness Acupuncture Centre, and Ekam’s Hair & Beauty Studio, offer a range of in-person wellbeing and beauty treatments. These services simply cannot be replaced by online retailers.”
Connectivity is a major drawcard for the property. Located just minutes from State Highway 1 and within walking distance of Papakura train station and the main bus interchange, the wider Auckland CBD, Manukau, and Auckland Airport precincts are highly accessible.
The property's appeal is further enhanced by its position within a rapidly growing area. According to Infometrics, population growth in Papakura has averaged 4.5 per cent per annum over the past five years to 2025, compared with the national average of 1 per cent.
This continued growth supports the ongoing demand for local businesses represented within the property’s tenancy mix.
Bason, Investment Sales Broker at Colliers, says the property is well positioned to benefit from the continued growth occurring across South Auckland.
“Properties that combine town centre positioning with strong public transport connectivity are increasingly sought by occupiers serving growing suburban populations,” Bason says.
“Papakura continues to evolve as a major commercial and service hub for the wider southern catchment, supported by ongoing residential growth and infrastructure investment.
“Investors will be drawn to the split-risk income profile, while those taking a longer-term view may recognise the potential to reposition the asset and maximise the flexibility afforded by the zoning.
“Assets with this level of exposure and accessibility that offer existing income and future potential are becoming increasingly difficult to secure in Auckland’s high-growth catchments, making this a property that warrants serious consideration among buyers.”
- Supplied by Colliers
