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St Johns split-risk investment with rental upside

51-53 Elizabeth Knox Place, Saint Johns

Industrial Buildings
gavel

Auction

Floor area
621m2
Title type
Unit Title
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Auction

Wednesday
11:00am
Bayleys House, 30 Gaunt Street, Auckland Central
10
Dec

Map

Property details

Listing # 1906353 | Listed on 7 November
  • Two (2) separately titled industrial units with prominent road frontage
  • Leased to two (2) tenants, generating a combined net income of $83,082.89pa + GST
  • Both leases include upcoming market rent reviews, offering clear potential for rental uplift
  • Rare investment in a tightly held industrial precinct

Offered to the market for the first time in 40 years, this standout industrial investment presents a rare opportunity in one of Auckland’s most sought-after industrial locations. Comprising two (2) separate titles, the property offers a split-risk profile with diversified income streams. Unit 51 (225sqm approximately) is leased to a long-standing commercial maintenance business, while Unit 53 (396sqm approximately) is occupied by a reputable local gym with a strong client base drawn from the Eastern Bays.

With market rent reviews scheduled between now and early 2026, purchasers have the opportunity to unlock rental upside in the near term, adding further value to an already solid investment.

Matt Dell
027 221 9735
matt.dell@bayleys.co.nz

James Valintine
021 023 71868
james.valintine@bayleys.co.nz

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