NAI Harcourts JK Realty is pleased to present this outstanding property at 1850-1854 Great North Road and 1854A, Avondale, for sale.
This fee simple investment comprises 648sqm (more or less) of land across two freehold titles, improved by a 291.9 sqm (more or less) building with excellent frontage to Great North Road. Situated in the heart of Avondale, the site enjoys strong exposure, excellent transport connectivity, and is positioned within a rapidly transforming precinct benefiting from significant private and public investment.
Key Features:
- Fee simple, high-profile, multi-tenanted investment
- Returning net rental of approx. $107,804.35 per annum + OPEX
- Diversified income stream from four tenancies including hospitality and service businesses
- Business - Town Centre zoning with future development potential up to 32.5m (refer Unitary Plan)
- Split-risk investment with a rent increase due next year, ensuring income growth
- Excellent arterial exposure and strong surrounding residential catchment
The building is fully leased to four established retail operators, comprising two hospitality businesses and two service-based tenancies such as a barbershop and beauty studio. The Phantom Billboard provides further passive income, leveraging the high-profile Great North Road frontage.
Located in Avondale's vibrant town centre, the property is supported by a wide residential catchment including New Lynn, Blockhouse Bay, Mt Albert, and Waterview. Key amenities include Avondale Primary and Avondale College, with the Avondale Police Station nearby adding safety and convenience. Excellent transport links include Avondale Train Station, multiple bus routes, and State Highway 16, providing direct access to Auckland CBD and the wider motorway network.
Retail properties in Avondale are tightly held and in strong demand. With secure income today and substantial redevelopment potential for the future, this property is well-positioned to deliver long-term value for investors or developers.
Opportunities of this calibre in such a sought-after location are rare.
To be sold by Deadline Treaty at 2:00 PM, Wednesday 24 September 2025 (unless sold prior).
Contact Sole Agent:
Tarun Marwah
022 454 7881
tarun.marwah@harcourts.co.nz
