The vendor's instructions are unequivocal - this property is to be sold.
Positioned in the commercial heart of Ōtāhuhu, 19 Queen Street comprises approximately 710m² of floor area on a prominent 416m² freehold corner site, offering buyers the opportunity to secure a lucrative holding within a tightly held town centre location.
The zoning underpins a range of future possibilities, while the property's scale, profile and strategic location are likely to appeal to add-value purchasers, owner-occupiers, investors , developers and land bankers alike.
Holding income is in place, from two established tenants - One tenant being the iconic Pinati's who has been onsite for over 20 years.
Angles include, retaining and resetting the leases with existing tenants, dividing the tenancies and growing rental income substantially. The surrounding area features residential conversion, which can be explored at 19 Queen Street as an potential additional add value angle.
Located within walking distance of transport links, retail amenities and key services, the property benefits from the accessibility and convenience that continue to underpin demand throughout the precinct.
The vendor is committed to achieving a sale and has instructed that all offers be presented for consideration. Whether your interest is conditional or unconditional, participation in the process is strongly encouraged.
The property is offered for sale by Deadline Private Treaty closing 22 July 2026 at 4:00pm (unless sold prior).
Contact the sole agents today for further information or to arrange an inspection.
Features:
- Multiple value-add and repositioning opportunities
- Significantly under rented with a holding income of $115,712.60 (incuding GST and outgoings)
- Prominent corner site with excellent profile and exposure
- Located within a tightly held South Auckland precinct
- Opportunity to owner-occupy with flexible month-to-month tenancy arrangements
- Favourable Business – Town Centre zoning providing future development flexibility (subject to council requirements)
- Highly motivated vendor committed to achieving a sale
More information: https://www.colliers.co.nz/p-NZL67040825
