• Freehold 197sqm site in prime Ponsonby Road position
• 138.5sqm two-level character building with secure onsite car parking
• Fully-leased to established tenants returning $88,000 + GST p.a. (net)
• Directly opposite Ponsonby Central, profile and foot traffic aplenty
• An excellent entry point or addition to any commercial portfolio
A scarce opportunity to secure a freehold investment in the heart of Ponsonby Road, directly opposite the landmark Ponsonby Central hospitality precinct. Positioned within one of Auckland’s most tightly held retail strips, this character property offers stable income in an ever-popular location.
The 138.5sqm (approx.) two-level building sits on a 197sqm fee simple site and is fully leased to two well-established tenants, returning $88,000 per annum plus GST and outgoings. Notably, the upstairs tattoo studio has successfully operated from this location for over 15 years, underscoring the strength of the location.
Accessed via a right of way over the neighbouring property, the rear of the site provides two secure stacked car parks — an absolute rarity in such a high-profile central Ponsonby setting and a genuine competitive advantage for tenants/occupiers.
Ponsonby Road remains one of Auckland’s most fashionable and sought-after commercial precincts, supported by a strong affluent residential catchment and consistent demand from investors and tenants alike. Opportunities to secure freehold assets in this stretch are few and far between. An ideal acquisition for astute investors seeking a proven Ponsonby holding.
