23 Clark Street, New Lynn, presents a rare investment opportunity underpinned by Gull New Zealand Limited. Positioned on a high‑profile 2,247sqm freehold site with over 60m of street profile and entry and exit from either side of New Lynn's, Clark Street boasting one of Auckland's busiest traffic counts. Offered to the market for the first time in 23 years, this long‑standing service‑station asset delivers a strong net return of $350,532.96 per annum plus OPEX and GST, supported by a proven national tenant with a 25‑year operational history at the site.
The property benefits from excellent exposure and dual access points, ensuring strong passing traffic and consistent customer flow. Zoned Business – Light Industry, the site offers future flexibility while continuing to perform as a reliable bottom‑drawer investment. The current term runs until March 2027, with two further rights of renewal of five years each, providing long‑term income security and stability. Gull’s enduring commitment to the location, coupled with its no‑frills, high‑value brand positioning, underpins the strength of this asset in a tightly held metropolitan catchment.
Opportunities combining a freehold landholding of this scale, nationally recognised tenancy, and robust lease tenure are seldom brought to market, making 23 Clark Street a standout passive investment.
For more information or to arrange a viewing, please contact our West Auckland experts today!
Features:
- Business- Light Industry Zoning
- Returning $350,500 p.a + GST
- 2,247m² site
More information: https://www.colliers.co.nz/p-NZL67038716
