A strategically located property in Wairau Valley on Auckland’s North Shore is being offered to the market for sale for the first time in over 25 years and will appeal to owner-occupiers, investors, and developers.
Sitting at 204 Archers Road, Glenfield, the property is currently home to a commercial tenant that occupies the premises, which sits on a 675sq m landholding.
The property houses two buildings, the original 1970s dwelling that spans 80sq m and a rear building measuring 74sq m with a 12sq m deck.
The current configuration of the two existing structures mean they could be utilised for medical or professional services firms given there are multiple offices and meeting rooms.
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A 10sq m storage unit at the back of the property provides further convenience.
There is also a paved area at the front of the property for up to seven cars and further parking at the rear.
The regular-shaped freehold site is zoned Residential – Mixed Housing Urban under the Auckland Unitary Plan.
This designation is a reasonably high-intensity zone enabling a greater intensity of development than previously provided for. The CV of the property is $1.525 million.
The current tenant at the property, an accountancy and business advisory firm, has a lease agreement with a final expiry of 31 March 2027. From April, the total net annual rental income from the property will be $44,991 plus GST with an increase set to kick in from October.
The timing of the lease agreement allows the new owner to strategically plan their future moves while benefitting from holding income.
Archers Road is a key local arterial route connecting Glenfield to nearby suburbs including Birkenhead, Beach Haven, and Northcote, while providing direct access to the wider motorway network. The property is zoned for Westlake Boys and Girls high schools.
Public transport services operate along Archers Road, offering regular bus connections to key centres including Takapuna and the Auckland CBD.
Colliers Brokers Mike Ryan and Matt Prentice have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 24 March, unless sold prior.
Ryan, Industrial Sales Broker at Colliers, says the site’s accessibility, visibility, and attractive zoning means it could be positioned in a range of ways in the future.
“There’s a variety of options for buyers to consider as an owner-occupier may have an interest in acquiring the property for their own operations, while an investor could purchase the asset and negotiate a new lease with the existing tenant,” Ryan says.
“As outlined in the Unitary Plan, the zoning of this property supports increasing the capacity and choice of housing within neighbourhoods as well as promoting walkable neighbourhoods, meaning a developer seeking a site for a housing development opportunity should give this offering serious consideration.”
The property is less than five minutes from Glenfield Mall, which provides a mix of national retailers, supermarkets, dining options, and everyday services.
Additional convenience retail and community facilities are also well represented throughout the surrounding area. Wairau Valley’s broad array of large format retail occupiers offers easy access to well-known stores such as Rebel Sport, Bunnings, Mitre 10, and Pak’nSave.
Prentice, Director of Sales and Leasing at Colliers, says the property benefits from all the key amenities on its doorstep, while Takapuna, Albany, and Auckland CBD can be readily accessed due to its central North Shore location.
“Being zoned for the well-known Westlake Boys and Girls high schools is a major selling point that would provide further support for the site to be utilised for a housing development in the future,” Prentice says.
“Overall, this property offers buyers the chance to acquire a well-located asset with long-term upside.”
- Supplied by Colliers
