Quadruple the opportunity to build scale

A strategically acquired portfolio of four Auckland properties has come to the market, offering investment buyers the flexibility to purchase a single holding, combine multiple assets, or secure the complete collection.

Incrementally built-up by an astute vendor, and now being divested owing to a change in circumstances, the portfolio spans properties in Herne Bay, Auckland Central, East Tamaki and Henderson, delivering geographic diversification across proven growth corridors and reliable long-term cashflow.

The portfolio ranges from a passive Herne Bay investment to substantial industrial holdings and a diversified CBD asset, each with distinct characteristics and strong occupation histories.

The Herne Bay holding at 8/47‑55 Jervois Road is a passive, fully leased investment returning net annual income of $165,917 plus GST. Positioned in Auckland’s highest value suburb, it offers fixed rental growth, excellent profile and hands-off ownership in a tightly held location with a new five-year lease term.

The CBD asset at 7‑9 Union Street delivers net annual income of $668,925 plus GST, with upside to approximately $770,000 if fully leased in its current form. Supported by residential, retail and signage income, it sits on an 886sqm corner site with motorway exposure and 40m height zoning, providing strong yield and further add-value opportunities to be considered.

The substantial East Tamaki industrial holding at 100 Kerwyn Avenue returns $1,537,034 plus GST on a triple net lease to Mr Chips through to December 2032, with a six-year right of renewal. Supported by fixed growth and a 24-month bank guarantee, the 2.6ha light industry site with 9,339sqm of improvements offers scale, security and long-term relevance.

Lastly, the Henderson property at 82 The Concourse is a multi-tenanted heavy industry investment returning $580,478 plus GST. Anchored by Super Steel Limited and supported by four additional occupiers, the 9,657sqm landholding benefits from 100m of Northwestern motorway exposure, strong cashflow and future redevelopment potential.

The portfolio is for sale through Bayleys, with tenders closing 4pm, Thursday 22nd October, unless sold prior, and individual properties are variously being marketed by Michael Nees, Matt Mimmack, Damien Bullick, Alan Haydock, James Hill and Mark Preston.

The spread of locations and tenant profiles provides genuine diversification, says Nees.

“Buyers can tailor their acquisition strategy to match their investment objectives, and this is an opportunity for investors to secure established Auckland assets with enduring relevance.

“These properties were acquired over time to balance risk, income stability and future potential, so investors can select one property to strengthen an existing portfolio or combine several to create scale and spread risk.”

Nees said the ability to purchase individually or in combination heightens the appeal.

“Each asset stands alone as a strong performer, yet together they form a compelling, diversified Auckland portfolio.

“With Auckland precincts evolving rapidly over time, many investors are looking to cast their net widely to secure opportunities where future growth is signalled.

“Herne Bay, Auckland Central, East Tamaki and Henderson each have their own idiosyncrasies as markets and their own inherent demand drivers, so investors looking for holdings that provide both stability and strategic positioning will recognise the value on offer.”