Under clear instructions from the Receivers, this high-performing multi-unit investment property will be sold.
Positioned prominently on the corner of Te Irirangi Drive and Bishop Lenihan Place, this standalone freehold building spans approximately 457sqm across two levels and sits on four separate titles, offering flexibility for future ownership or resale. The property provides 16 on-site car parks and excellent street visibility to one of East Auckland's busiest arterial routes.
Comprising a diverse mix of retail and office tenants, the property features two ground-floor retail units (three tenancies) and two first-floor office suites, ensuring an attractive split-risk income profile. Current occupiers include a dentist, law firm, and two retail businesses, delivering an estimated net annual income of $181,608 + GST.
Investment highlights:
• 4 Separate Unit titles within standalone building
• Split risk investment with 5 Tenancies
• Current estimated holding income of $181,608 net per annum + GST
• Significant Corner profile & Strategically located
• Zoning: Business Mixed Use Zone
• Obvious add-value opportunity
This is an exceptional opportunity for investors, syndicators, or add-value buyers seeking a proven income stream and long-term growth potential in one of Auckland's most dynamic commercial precincts.
NAI Harcourts is favoured with instructions from the Receivers to offer Unit 2A, 2B, 2C and 2D, 302 Te Irirangi Drive, Flat Bush, Auckland for sale by Tender closing 4pm on 27th November 2025. (unless sold prior)
For more information about this outstanding opportunity contact the team at NAI Harcourts today.
