Dual income historic Devonport investment
A rare opportunity to secure a character-filled commercial investment in one of Auckland's most tightly held suburban retail locations. Offered to the market for the first time in approximately 40 years, 87 Vauxhall Road presents an increasingly scarce opportunity to acquire a freehold heritage character building with established dual-tenancy income and add-value potential.
Returning approximately $60,112.40pa across two well-known, established tenancies, the property comprises approximately 150sqm of building area on a 233sqm freehold site with Neighbourhood Centre zoning. The combination of established occupiers, a versatile commercial configuration and a prominent position within Devonport's Vauxhall village environment provides a solid foundation for investors, with the opportunity to build on the existing income profile over the longer term. In a market where freehold commercial properties of this nature are seldom offered, the property presents an appealing opportunity to secure a foothold in one of Auckland's most tightly held suburban retail locations.
Investment Highlights:
• First time offered to the market in approximately 40 years
• Character heritage commercial building in Devonport
• Returning approximately $60,112.40 per annum + GST and Outgoings
• Dual-tenancy configuration providing two income streams
• 150sqm approximately building area
• 233sqm Neighbourhood Centre zones freehold site
• Tightly held suburban retail location
Devonport is one of Auckland's most sought-after suburban retail destinations, combining an affluent residential catchment with an established village atmosphere and strong local following. Its mix of boutique retailers, hospitality and professional services is supported by consistent local and visitor activity, with convenient ferry connections to Auckland's CBD adding to its appeal. For investors, Devonport offers an established commercial market characterised by limited freehold opportunities, a loyal customer base and enduring demand for quality retail premises. Its coastal setting, heritage character and tightly held nature make it an attractive location for long-term commercial property ownership.
Returning approximately $60,112.40pa across two well-known, established tenancies, the property comprises approximately 150sqm of building area on a 233sqm freehold site with Neighbourhood Centre zoning. The combination of established occupiers, a versatile commercial configuration and a prominent position within Devonport's Vauxhall village environment provides a solid foundation for investors, with the opportunity to build on the existing income profile over the longer term. In a market where freehold commercial properties of this nature are seldom offered, the property presents an appealing opportunity to secure a foothold in one of Auckland's most tightly held suburban retail locations.
Investment Highlights:
• First time offered to the market in approximately 40 years
• Character heritage commercial building in Devonport
• Returning approximately $60,112.40 per annum + GST and Outgoings
• Dual-tenancy configuration providing two income streams
• 150sqm approximately building area
• 233sqm Neighbourhood Centre zones freehold site
• Tightly held suburban retail location
Devonport is one of Auckland's most sought-after suburban retail destinations, combining an affluent residential catchment with an established village atmosphere and strong local following. Its mix of boutique retailers, hospitality and professional services is supported by consistent local and visitor activity, with convenient ferry connections to Auckland's CBD adding to its appeal. For investors, Devonport offers an established commercial market characterised by limited freehold opportunities, a loyal customer base and enduring demand for quality retail premises. Its coastal setting, heritage character and tightly held nature make it an attractive location for long-term commercial property ownership.
Key features
Available
First time offered to the market in approximately 40 years
Lease
Returning approximately $60,112.4 per annum + GST and outgoings
Occupancy
Fully occupied, with a dual-tenancy configuration providing two income streams
Character building
Character, heritage building in Devonport
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