A long-standing family trust has released its tightly held five-property Auckland portfolio to the market, having acquired the well-located commercial and residential assets in established suburban catchments over a number of years.
The decision to divest creates a rare opportunity to secure freehold suburban assets that have not been available to the market for decades.
The properties along Dominion Road and Dominion Road Extension in Mt Roskill, and Garland Road in Greenlane, will be sold individually, giving buyers the ability to purchase one or more according to their own investment strategy.
Each property is being sold with vacant possession, allowing owner-occupiers to establish their businesses immediately, while investors and developers benefit from flexibility to lease, refurbish, reposition or redevelop the properties.
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Dominion Road and Dominion Road Extension is a corridor known for steady foot traffic, strong visibility, diverse retail activity and excellent transport connectivity, while the central Greenlane property benefits from proximity to major arterial routes, public transport and established residential neighbourhoods.
Together, the assets present a mix of commercial and residential opportunities, ranging from standalone retail and office buildings to a redevelopment-ready residential site.
All are positioned to appeal to buyers seeking suburban premises with long-term growth prospects.
The three Dominion Road properties have Business Local Centre zoning.
1021 Dominion Road is a freehold standalone building offering a flexible split-use layout with ground floor retail or office space and a lower level suited to residential, storage or workshop use.
1232 Dominion Road is a multi-level freehold building positioned for high exposure, with the ground floor suitable for retail or hospitality, supported by an existing kitchen, and complemented by first floor office plus basement storage or parking.
Several doors along, 1244 Dominion Road is a freehold commercial building offering an attractive entry point for retail or office use, with rear parking, self-contained amenities and a prominent position within the Mt Roskill retail strip.
With strong redevelopment potential under Mixed Housing Suburban zoning, the property at 1315 Dominion Road Extension is a single-level dwelling on 675sqm of flat, rectangular freehold land.
The site supports multi-unit intensification and provides opportunity for residential developers, land-bankers, owner-occupiers or add-value investors seeking uplift.
Meanwhile, 21 Garland Road in Greenlane is a two-level freehold property with mixed-use space suited to commercial operators or investors.
Street level commercial premises pair with self-contained upstairs offices that offers potential to convert to residential accommodation.
The four Mt Roskill properties will be auctioned on Wednesday 9 September unless sold prior, and the Greenlane property will be sold by deadline private treaty closing Tuesday 15 September unless sold prior, through Matt Lee and James Chan of Bayleys Auckland Central.
Lee says the nature of the offering will resonate strongly with buyers who value flexibility and future potential.
"These properties have been held for a very long time, and that longevity speaks to the underlying strength of their locations.
"Assets like this are becoming increasingly difficult to secure, and bringing them to market individually gives buyers the freedom to target the asset that best aligns with their plans.
"The absence of leases is a real advantage for those wanting to act decisively, and the trust s decision to divest reflects a clear intent to sell.
"It is rare for assets in a long-held portfolio like this to come to market at the same time.
"Each one stands on its own merits, and together they represent a chance to secure well-located suburban assets with genuine potential."
- Supplied by Bayleys
