NAI Harcourts is pleased to present 83 Ellice Road to the market. This is an outstanding opportunity to secure a freehold industrial/retail asset in the heart of the tightly held Wairau Valley precinct. Positioned on sought-after Ellice Road, 83 Ellice Road presents a versatile split-risk investment with future flexibility for investors and owner-occupiers alike.
Comprising approximately 994 sqm of freehold land (more or less), the property comprises a well-configured industrial building with a total floor area of approximately 486 sqm (more or less), split into three self-contained tenancies.
At the front of the property, Unit A, comprising approximately 148 sqm floor area (more or less), has a new 6-year lease to Temptation Bakehouse Limited in place, returning $60,000 net per annum and providing established tenancy strength.
Adjacent Unit B, comprising approximately148 sqm floor area (more or less) has recently been secured on a new three-year lease to Dent Devils Limited, commencing 1 April 2026, returning $28,000 net per annum.
Rear Unit C, comprising approximately 190 sqm (more or less) + approximately 50m2 yard (more or less), is currently tenanted and returning $30,000 per annum, with final expiry in August 2026, creating an opportunity to either secure a new tenant or to owner-occupy.
Wairau Valley remains one of Auckland's most established and tightly held industrial locations. The property benefits from excellent access to State Highway 1, connectivity to Glenfield and Takapuna, and close proximity to trade retail, bulk retail and service-based businesses. Ongoing constraints on industrial land supply across the North Shore continue to underpin strong occupier demand and long-term value growth.
This is a compelling opportunity for investors seeking split-risk income in a proven industrial precinct, while also appealing to owner-occupiers looking to secure a strategic landholding and premises with additional income.
Key Features:
- 994 sqm Freehold Site (more or less)
- 486 sqm Total floor area (more or less)
- Three separate tenancies - Split-risk investment
- Returning $118,000 net per annum
- Future rental growth and value-add potential
- Appeals to both passive investors and future owner-occupiers
For more information and to arrange a viewing, contact Rodney Jobse 020 405 741 56 or Euan Stratton 027 580 7439.
