Positioned in the heart of one of Auckland’s most dynamic fringe suburbs, a boutique commercial unit at G01, 7 Vinegar Lane, Grey Lynn, offers a ready-made opportunity with solid returns and strong tenant appeal.
Fully leased to a long-standing occupant and returning the tidy sum of $32,900 net per annum, it’s an accessible and attractive proposition in a location that continues to push forward.
“This is an ideal entry-level investment,” says Barfoot & Thompson Commercial broker Reese Barragar, who is marketing the property.
“The tenant is well established, the presentation is immaculate - and the wider precinct just keeps getting better.”
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Part of the architecturally designed Vinegar Lane enclave, the 47m² unit is located on the ground floor with full-height glazing and excellent street appeal.
It sits within a quality mixed-use building and benefits from the high foot traffic and vibrancy of its central setting - just minutes from Ponsonby Road, Karangahape Road and the CBD.
The property is zoned Business - Mixed Use under the Auckland Unitary Plan, offering both flexibility and future upside.
It also features high-stud ceilings, air-conditioning and sprinkler systems, and is presented to a very high standard throughout.
The tenant, Mint Real Estate (trading as Apartmint), is a well-known specialist in apartment sales and project marketing.
The lease runs through to 2026 with one further right of renewal through to 2029, and includes a market rent review scheduled for 2026.
All outgoings are paid in full by the tenant.
“From an investment perspective, it ticks a lot of boxes,” Barragar says. “You’ve got a long-term tenant with a clear focus and a high-quality fit-out. It’s a smart, set-and-forget option for investors looking for a tidy hold with built-in potential.”
This part of the city has seen significant transformation in recent years, with an influx of new residential developments and creative businesses fuelling demand for well-located commercial spaces.
The unit’s Vinegar Lane location places it within walking distance of key hospitality, retail and transport amenities, as well as providing quick access to key motorway connections via the nearby Newton Road on-ramps.
Barragar adds that while the unit doesn’t come with a dedicated car park, spaces are available for lease or purchase in the neighbouring Pollen Street complex, offering additional convenience for both tenants and clients.
“Opportunities like this don’t come along often,” he says. “It’s sharp, low-maintenance, and offers a foot in the door to one of the most desirable commercial pockets in Auckland.”
G01, 7 Vinegar Lane is for sale by auction on Wednesday 11 June (unless sold prior).
- Supplied by Barfoot & Thompson
