Two adjoining character villas. Two separate freehold titles. Current holding income and multiple future pathways.
JLL is pleased to present a rare opportunity to acquire an adaptable 490 sqm city-fringe landholding positioned moments from Victoria Park, Ponsonby, Wynyard Quarter and Auckland’s CBD.
The properties comprise approximately 268 sqm of commercial accommodation across two-character villas and generate combined current rental income of $109,606 net per annum.
The existing lease structure provides immediate income together with near-term flexibility. The lease at 39 Spring Street expires on 31 March 2027, creating an opportunity for a purchaser to occupy, re-lease or reposition the property, while 37 Spring Street remains occupied by a long-established tenant.
Underpinning the improvements are two adjoining freehold titles zoned Business - Mixed Use, with a current 18-metre height standard and approximately 20.20 metres of combined frontage to Spring Street.
Whether acquired for investment, future occupation, land-banking or longer-term redevelopment, 37 & 39 Spring Street provide the freedom to determine the next chapter.
Key features
• Two adjoining freehold character villas
• Combined land area of 490 sqm across separate titles
• Approximately 268 sqm of commercial accommodation
• Combined current rental of $109,606 net p.a.
• Four on-site car parks
• 39 Spring Street available following lease expiry in March 2027
• Long-established tenant at 37 Spring Street
• Business – Mixed Use zoning
• Current 18-metre building height standard
• Walking distance to Victoria Park, Ponsonby, Wynyard Quarter and the CBD
• Suitable for investors, owner-occupiers and strategic landholders
For sale by Deadline Private Treaty closing 4pm, Wednesday 23 September 2026, unless sold prior.
Contact the sole agents to arrange an inspection or obtain access to the due diligence information.
